- Last Updated Tue, May 15, 2007 at 6:18 PM EST - by Rob Hain

Consumer Prices Under Control
The report on Consumer Prices showed a smaller-than-anticipated rise in prices overall of 0.4% in April. As much of the rise was due to higher food and energy prices, the core index rose only 0.2%. Analysts point primarily to the housing market and the glut of rental units available for the relatively tame reading, because the large rents component increased at its slowest pace in over a year.

New York Manufacturing Shows Some Promise
The New York Empire State Index was also released on Wednesday, improving on the previous 3.8 reading to May`s 8.0 index. Many anyalysts pointed to the report as a possible indicator of a manufacturing recovery.

Bonds Fall - Yields Up
MBS and Treasury prices slid Wednesday, partially due to the encouraging data, but also because of the equities markets pulling investment money out of bonds and into stocks. When money leaves the bond markets, prices fall, pushing yields upward.

The next economic release will be Housing Starts at 8:30 Eastern on Thursday.

News:	Housing bust holds down core inflation in April - MarketWatch
News:	New York Manufacturing Expands as Orders Increase - Bloomberg

- Last Updated Mon, May 14, 2007 at 11:59 PM EST - by Rob Hain

There was no economic data due out on Monday, and yields held relatively steady, pushing up only slightly. By the end of trading, the 10-year Treasury yield was up to 4.69%.

The next data release will be Consumer Prices at 8:30 Eastern on Tuesday.

- Last Updated Fri, May 04, 2007 at 3:31 PM EST - by Rob Hain

Wednesday
The FOMC will announce their short-term rate decision at around 2:15 Eastern.

Thursday
Weekly Jobless Claims are due out at their usual 8:30 Eastern time, along with the Trade Balance and Import Prices.

Friday
Producer Prices and Retail Sales will compete for attention at 8:30 Eastern.

- Last Updated Fri, May 04, 2007 at 3:23 PM EST - by Rob Hain

During the heavy economic news week of April 30, the 10-year Treasury yield moved up slightly, ending the week at 4.64%.

Monday
Personal incomes rose, but spending declined. The Core PCE held flat. Chicago manufacturing disappointed the markets, and Construction spending barely moved. 10TSY close: 4.63%

Tuesday
Nationwide manufacturing showed strength after a long lull, but pending home sales fell almost 5%. 10TSY close: 4.64%

Wednesday
Factory orders made a decent, but not overwhelming, showing. 10TSY close: 4.65%

Thursday
Weekly Jobless Claims fell once again, and productivity increased though at a slower pace. The services sector showed remarkable strength. 10TSY close: 4.67%

Friday
Payrolls growth was disappointing, and the unemployment rate edged higher. 10TSY close: 4.64%