Daily Market Update 4/14/16

Rates were little changed Thursday following the release of low inflation data.  This morning, the March Consumer Price Index (CPI) rose 0.1%, below the consensus forecast of 0.2%.  The more closely watched “Core” CPI, which excludes food and energy components, also rose 0.1% and was 2.2% higher than one year ago, down from 2.3% last month.  Separately, weekly Jobless Claims fell unexpectedly to 253,000, well below expectations.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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