Posted on Saturday, 20th February 2010 by Mortgage Helper
Bonds were on a downward slide all day yesterday. Today mortgage bonds are slightly lower from yesterday’s close. This morning’s economic releases included the January CPI report which was expected to show an increase on a year over year basis, the January CPI was expected to edge higher to +2.8% year over year.
The actual number came in at +2.6%. The core CPI was expected to be unchanged from December at +1.8% year over year, keeping inflation under the generally accepted 2.0% year over year ceiling on inflation. The actual number came in less than expected at +1.6%.
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