Daily Market Update 4/30/12

Rates were little changed Monday.  In economic news, the March Core PCE price index, the Fed’s preferred measure of inflation, rose 0.2%, in line with expectations, and was 2.0% higher than one year ago.  Personal Income came in slightly higher than expected.  The Chicago PMI manufacturing index declined to 56.2, well below the consensus forecast of 61.0, and to the lowest level since November 2009.  Readings above 50.0 indicate expansion in the manufacturing sector.  Stocks were mixed.  No other key data will be released today.

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