Daily Market Update 4/13/17

Rates held steady Thursday following the release of mixed economic data.  The March Producer Price Index (PPI) fell 0.1%, below the consensus for a flat reading, and was 2.3% higher than one year ago.  Core PPI, which excludes volatile food and energy components, was unchanged, and was 1.6% higher year-over-year.  Weekly Jobless Claims came in at 234,000, below forecast.  Consumer Sentiment rose to 98.0, slightly above expectations.  No other key data will be released today.  Mortgage-backed securities markets will close at 2:00 PM and remain closed until Monday in observance of Good Friday.

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