Prices in the U.S. rose less than expected in July, with the headline consumer price index adding 0.1% versus the Briefing.com consensus of 0.2% and the June reading of 0.3% The core CPI, which excludes volatile food and energy prices, increased by 0.1% versus the Briefing.com consensus of 0.2% and the prior reading of 0.2%. The rise in the CPI, such as it was, was fueled by a 0.4% increase in housing costs. The reaction in the Tre

Prices in the U.S. rose less than expected in July, with the headline consumer price index adding 0.1% versus the Briefing.com consensus of 0.2% and the June reading of 0.3%

The core CPI, which excludes volatile food and energy prices, increased by 0.1% versus the Briefing.com consensus of 0.2% and the prior reading of 0.2%.

The rise in the CPI, such as it was, was fueled by a 0.4% increase in housing costs.

The reaction in the Treasury complex has so far been quite muted. Fed Vice Chair Stanley Fischer said on August 10th that if the Fed had a single mandate (to only target inflation), than it might actually have easier monetary policy in this environment, so maybe the market is looking for job-market weakness rather than inflation strength as the evidence that would delay. policy normalization from the Fed.

Yield Check:

2-yr: -1 bp to 0.71%

5-yr: +1 bp to 1.59%

10-yr: +1 bp to 2.20%

30-yr: unch at 2.86% ru.cbonds.info

2015-8-20 12:55