Source: US Dept. of Treasury End of Day
• Rates ticked higher over the week with the two-year Treasury note yield increasing by seven basis points to 4.33% while the five-year note jumped by twelve basis points to 4.31%
• CPI matched expectations advancing by 0.2% in October while core prices advanced by 0.3% with price gains being driven by costs for services and shelter
• The Producer Price Index (PPI) advanced by an expected 0.2% in October while core producer prices exceeded expectations advancing by 0.3% versus an expected 0.2%
• Retail sales beat economic forecasts in October showing sales growth of 0.4% versus an expected 0.3% while hefty upward revisions to the September readings provided more signs of consumer strength
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