Source: US Dept. of Treasury End of Day
• Yields increased over the week with the two-year Treasury note rising by 12 basis points to 0.52% while the five-year note climbed 17 basis points to 1.23%.
• A hotter than expected CPI report showed that prices accelerated by 0.9% in October while the less volatile core CPI increased by 0.6%, both indicators marked their greatest year over year increase in 30 years.
• The Fed has found themselves in an increasingly uncomfortable position as the October price increases were broader based than previous month’s while more than 4 million workers remain sidelined.
