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Consumer Sentiment Stronger Than Expected; Limited Reaction so Far
Posted to: Micro News
Friday, April 11, 2014 10:02 AM
Here's the run-down on the just-released Consumer Sentiment data:
- Headline sentiment for April 82.6 vs 81.0 forecast, 80.0 in March
- 'Current Conditions' 97.1 vs 96.3 forecast
- 'Expectations' 73.3 vs 71.4 forecast
- All of the above are at the highest levels since at least August of last year
10yr yields and MBS are both close to unchanged compared to pre-data levels, but modest amount of movement seen has been weaker (as the stronger economic data would suggest). That said, the overall reaction suggests markets aren't overly concerned with this report. If we move, it will be for other reasons.
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