- Core CPI M/M
- 0.1 vs 0.2 f'cast, 0.2 prev
- Core CPI Y/Y
- 3.3 vs 3.4 f'cast, 3.4 prev
Pretty straightforward outcome here. CPI was high stakes and this is quite a bit lower than expected. Bonds are rallying about as much as you'd expect, given the set-up. 10yr down a quick 10 bps at 4.187. MBS up more than half a point.