Daily Market Update 4/29/11

Rates were little changed Friday as new economic data came in close to expectations.  The March Core PCE price index rose 0.1% from February and was a tame 0.9% higher than one year ago.  Personal Income increased 0.5%.  The Chicago PMI manufacturing index declined to 67.6, below forecast.  Consumer Sentiment fell slightly to 68.9 from 69.6.  No other data will be released today.  The big news next week will be Friday’s Employment Report.  The Institute for Supply Management manufacturing index will come out on Monday.

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