Source: US Dept. of Treasury End of Day
• Rates were up slightly during the week with the 2-year Treasury note yield rising by three basis points to 4.03% while the 5-year Treasury note yield rose by one basis point to 4.10%.
• February’s CPI numbers came in softer than expected with both the headline and core advances registering a monthly 0.2% while the trailing year numbers advanced by 2.8% and 3.1%, respectively.
• The Producer Price Index registered no change in February while the core reading fell by -0.1% compared to an expected 0.3% advance signaling that the disinflationary trend may be set to resume.
• The Fed meets on Wednesday where it is all but certain that they will hold rates steady leaving market participants to focus on comments from Chair Powell and the first official economic projections published by the Fed this year.
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