Posted by: cfigueira | July 16, 2010

Mortgage bond prices

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.

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