CPI is up to .6 with the core CPI at +.4. If that was the gain each month we would have a INFLATION rate of 7.2% per year. Needless to say the Feds will not be happy about that. Bond are now at -15/32 and our market has lost about .15 basis points. It was off quite a bit more right after the report but has settled down a bit. The beige book will be out at 2 PM EDT today and will give a look at what the Feds may be thinking. Thurday brings Leading Indicators (expected down which would be good for us) and initial Claims (expected down slightly). We have had a unbelievable rally considering what the Feds are doing to boost rates. Their push for higher rates WILL continue to push our rates up. Don't be fooled into thinking rates are coming back down. Stay tuned for later news. By the way did you know you can post comments on our market notes? What to you think about our market notes? Do you feel they are accurate and have made you $$? Just click on the comment bar and post your comments .