Mortgage Rates Slightly Higher Ahead of Important Inflation Data
Consolidation Continues Ahead of CPI February 19th through March 3rd marked an exceptionally directional rally for bonds. The following day brought the big blow-up in German debt, and the start of the consolidation in US rates. Granted, if domestic economic data been weaker, the rally may have tried to soldier on, but after the jobs report came out near consensus, that was that. As has been the case for several years, the next major report after the jobs report is CPI, and CPI is arguably even more important at the moment. This isn't to say we're guaranteed to see a big reaction--only that the potential is there, should the data come in much
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