Distrust In US Inflation Data Threatens $2 Trillion Market
Shoppers browse washer and dryer appliances displayed for sale inside a Home Depot store in Colma, California.
Photographer: David Paul Morris/BloombergThe $2 trillion market for securities linked to US inflation data could be the first area of Treasuries to crack if the Bureau of Labor Statistics is politicized, according to bond investors.
After President Donald Trump fired BLS chief Erika McEntarfer on Friday following a weak jobs report and said the figures were “rigged,” investors have fretted that the move could erode trust in government data, which has a major effect on asset prices.