Source: US Dept. of Treasury End of Day
• Yields pushed higher on the week with the two-year Treasury note rising by fifteen basis points to 4.91% while the five-year note jumped by seventeen basis points to 4.57%.
• The March CPI readings came in hotter than expected with both headline and core prices advancing at a monthly pace of 0.4%.
• Shelter and gasoline helped drive March’s CPI index higher, however, the Fed’s closely followed “supercore” print, jumped by a robust 0.7%.
• The producer price index came in slower than expected at 0.2% in March and should help temper expectations for PCE as the components of the PPI report that flow into the PCE deflator were tame.
