MBS MID-DAY: Consolidating Range Confirms Exhaustion

– PPI -0.1 vs 0.0 forecast
– Core PPI +0.1 vs +0.1 forecast
– Year over year Core CPI +1.3 vs +1.4 forecast
– Market Reaction: Bond Markets were trending positively from 7am and PPI did nothing to change that.

The Producer Price Index for finished goods edged down 0.1 percent in November, seasonally
adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods
decreased 0.2 percent in October and 0.1 percent in September. At the earlier stages of
processing, prices received by manufacturers of intermediate goods declined 0.5 percent, and
the crude goods index fell 2.6 percent. On an unadjusted basis, prices for finished goods
advanced 0.7 percent for the 12 months ended November 2013.

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/335541.aspx

Leave a Reply

WP2FB Auto Publish Powered By : XYZScripts.com
Bunk Beds