US stocks slipped after CPI came in a tad firmer than
expected. Aug CPI rose to 0.2%m/m vs. previous 0.0%. Core inflation rose
to 0.3%m/m from previous 0.1%. The prospect of a rate hike by Dec was
nudged higher to around 55% from the lows of 49% seen last week. However,
the probability of a rate hike this week is still stuck at around 20% as
implied by Fed funds futures. UST yield curve bear steepened and so did
the Australian sovereign yield curve, as we write...