CPI data was a mixed bag for bonds. Top-line numbers fueled a quick rally and digestion of the details brought us back to negative territory (albeit with help from stronger S&P PMI data). Bonds found their footing shortly after 10am at just slightly stronger levels and then stayed mostly sideways through the close. Pretty ho-hum CPI day given all the anticipation...
Econ Data / Events
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- m/m CORE CPI (Sep)
- 0.227% vs 0.3% f'cast, 0.3% prev
- m/m Headline CPI (Sep)
- 0.3% vs 0.4% f'cast, 0.4% prev
- y/y CORE CPI (Sep)
- 3.0% vs 3.1% f'cast, 3.1% prev
- y/y Headline CPI (Sep)
- 3.0% vs 3.1% f'cast, 2.9% prev
- m/m SUPERCORE
- .351 vs .330 prev
- m/m CORE CPI (Sep)
Market Movement Recap
09:51 AM
Initially stronger after CPI data, but now turning red after PMI data. MBS unchanged and 10yr up 1.2bps at 4.013
01:51 PM
Crawling back into positive territory. MBS up an eighth and 10yr down 1.2bps at 3.99
04:40 PM
Heading out at just slightly stronger levels with MBS up an eight and 10yr yields down half a bp at 3.997
MBS Market Alerts
