Phillip is the Director of Market and Economic Research at First Citizens Bank Wealth Management, the largest family-controlled bank in the United States. He has experience in financial modeling, valuation, capital markets, fixed income, and investment banking.
Treasury yields fell on Thursday as investors digested a key inflation report that showed a small decline in price pressures.
The rate of year-over-year inflation moderated roughly in-line with expectations but remains historically high. Considering this report, the Federal Reserve will likely continue to tighten monetary policy, potentially at a slower pace.