MBS Update: PCE Prices Right in Line With Forecasts

Alan Holom

SVP

Stockman Bank

P: (406) 234-8438

www.stockmanbank.com

2700 King Ave
Billings MT 59102

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

PCE Prices Right in Line With Forecasts

Fri, Feb 28 2025, 8:36 AM

Core PCE Price Index, MM
- 0.3 vs 0.3 f'cast, 0.2 prev
- Unrounded, .285
Core PCE Price Index, YY
- 2.6 vs 2.6 f'cast, 2.9 prev

Bonds were clearly hoping for a slightly better reading based on the PPI implications as yields have moved up a bit despite the numbers coming in on the screws. 10yr yields are up 1bp at 4.272 and MBS are down a quick 2 ticks (.06).

Still, this is arguably a "no whammies" result with the unrounded month over month number at .285.

More MBS and Treasury Markets

MBS Recap:

Bonds Start Week Off With a Bang - Mon, 9:03 PM

MBS Morning:

ISM Data Makes For a Strong Start - Mon, 5:07 PM

MBS Update:

Erasing Overnight Weakness After ISM Data - Mon, 3:16 PM

MBS Recap:

Bonds End The Week and The Month at Best Levels - Fri, February 28, 9:16 PM

MBS Morning:

No Major Reaction to PCE Data - Fri, February 28, 5:05 PM

Alan Holom

SVP

Stockman Bank

P: (406) 234-8438

www.stockmanbank.com

2700 King Ave
Billings MT 59102

Ask Me a Question

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