• m/m CORE CPI (Dec)
    • 0.2% vs 0.3% f'cast, -- prev
  • m/m Headline CPI (Dec)
    • 0.3% vs 0.3% f'cast, -- prev
  • y/y CORE CPI (Dec)
    • 2.6% vs 2.7% f'cast, 2.6% prev
  • y/y Headline CPI (Dec)
    • 2.7% vs 2.7% f'cast, 2.7% prev

We'll dig into the details in the morning commentary, but bonds are definitely reaction.  Large volume spike and nearly a 4bp rally in 10yr yields so far--currently down almost 2bps on the day at 4.163.  

MBS are up more than a quarter point.