The July Consumer Price Index (CPI) revealed prices rose 0.2% from June, while core CPI, which excludes food and energy, was up 0.2% from June and 3.2% year-over-year, which was in line with Wall Street estimates. In response, there was movements in the bond market, specifically with the 10-Year Treasury yield (^TNX) which ticked higher. What does this mean for investors and how does this translate for their portfolio management?

BlackRock portfolio manager, Fundamental Fixed Income Group David Rogal joins Morning Brief to give insight into how to play the bond market after this recent CPI print.

In terms of investment strategies, Rogal affirms "We think it's an incredible time to be in fixed income today."

With the Federal Reserve poised to cut rates along with an inversion of Treasury Yield curves, Rogal believes "What we should see as the Fed starts to cut rates is we will see the curve steepen, if you actually look at forward curves, they are significantly steeper. 2's, 10's is maybe 60 basis points steeper two years forward, so we think you're going to see inflows into the bond market as a result. There's been a historic rise in cash assets and money market funds. We think you're gonna see more money come into the bond market."

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Nicholas Jacobino