April 13, 2026

In the United States, retail inflation in March rose to a year-over-year rate of 3.3%

International

In the United States, March inflation figures were released, coming in below expectations across all metrics. Specifically, it rose by +0.9% month-over-month and +3.3% year-over-year, accelerating significantly compared to February due to rising energy prices; meanwhile, the measure excluding food and energy (core inflation) rose by +0.2% month-over-month and +2.6% year-over-year.

Yields on U.S. Treasury bonds rose at the close of trading on Friday. The yield on the 1-year Treasury note closed at 3.68%, up from the previous 3.66%, while the 3-year Treasury note rose to 3.82% from the previous 3.78%. Meanwhile, the yield on the 10-year Treasury note ended at 4.32% versus the previous 4.28%.

Meanwhile, the major U.S. stock indices traded mixed on Friday. The Nasdaq bucked the trend with a gain of +0.4%, while the Dow Jones fell -0.6% and the S&P 500 dropped -0.2% for the day. So far this year, the indices have accumulated losses of -1.5%, -0.3%, and -0.5%, respectively.

On the geopolitical front, over the weekend, President Trump announced that the U.S. Navy will implement a naval blockade of the Strait of Hormuz, intercepting all maritime traffic entering and leaving Iranian ports and coastal areas. The measure will take effect starting this morning, in response to last week’s failed negotiations and Tehran’s decision to charge a toll for passage through the strait. Consequently, oil price futures opened the day higher.

Translated with DeepL.com (free version)

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