CPI and New Construction Data is out.... Consumer level inflation was "on the screws" while Building Permits were better than expected. 10s havent made much progress in either direction after the data and the FN 4.5 has cheapened up a few ticks but is essentially unchanged. Plain and Simple...
It is going to be a blockbuster week for data in the U.S. with the release of tier one data. Markets will receive April's CPI report, retail sales, import price index, industrial production and capacity utilization, housing starts and building permits, and the University of Michigan/Reuters consumer...