Source: US Dept. of Treasury End of Day
• Rates increased as the curve steepened with the yield on the 2-year Treasury note rising by 14 basis points to 4.25% while the 5-year note increased by 21 basis points also to 4.25%.
• Headline CPI accelerated in November from an annual 2.6% to 2.7% while the core reading advanced by 3.3% for a third consecutive month.
• Despite the stall in overall disinflation, price growth for shelter moderated significantly which if continued, could lay the groundwork for the disinflationary trend to resume.
• The Fed meets on Wednesday where it is widely expected they will lower the benchmark interest rate by another 25 basis points to an upper bound of 4.50%.
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