Mortgage bond prices remained opened near unchanged following a mixed inflation reading.
The consumer price index fell 0.1% as expected. However, the core, which excludes volatile food and energy prices, rose 0.2%, higher than the expected 0.1% increase.
There is no additional data today. Stock futures turned positive following the CPI release. If stocks shoot higher bonds could be pressured.
Carlos Figueira - Keypoint Mortgage 