Morning Note - June 11, 2021

Good Morning!

Futures are up and back into record territory for the first time since the second week of May despite hotter than expected inflation data out yesterday. The 10-yr is down to 1.44% in what is a collapse in yields in the face of that 5% CPI print for May.

But if one digs down into the inflation numbers, much of the growth was driven by categor…