Have you heard about the Consumer Price Index (CPI)?  We can't shut up about it, largely because there's not much to talk about in terms of scheduled data/events save for a few other contenders such as the jobs report or Fed announcements.  But jobs and the Fed are about a month away while CPI pops tomorrow morning.  The timing is interesting considering recent weakness in the bond market.  Yields are right up against 2024's ceiling, or perhaps it's a wall?  Either way, it's the last line of defense against the bad guys and even if the battle looks lost today (i.e. if yields drift up and over 4.19%), it won't truly be decided until tomorrow. 

20240212 open.png