Rates were little changed Tuesday in quiet trading as newly released inflation data matched expectations. This morning, the February Consumer Price Index (CPI) rose 0.2 and was 2.2% higher than one year ago. Core CPI, which excludes volatile food and energy components, also increased 0.2% and was 1.8% higher year-over-year. The Fed target rate for annual inflation is 2.0%, roughly in line with current levels. Results from today’s 30-year Treasury auction will be released at 1:00 PM.