Latest Breaking News On - After fed - Page 2 : vimarsana.com

Last week offered up decent bookends for a narrow, short-term range.  A series of downbeat economic reports set the low yields last Monday.  Then Fed speakers and strong data pushed back in the other direction.  The breadth of the range was finally realized on Friday after the jobs report.  Since then, not only would it be within the bond market's playbook to consolidate ahead of a key data report (Wednesday's CPI), that's exactly what's happening.  Monday was surprisingly resilient, but Tuesday is off to a more logical start, nearer that upper yield "bookend."  Said logic is fueled by a concession for the supply environment (Treasury auctions and corporate issuance). All of the above assumes an upper bookend around the 2.85 technical level, but that could prove to be an intermediate stop in the event CPI comes in hot tomorrow. But even if C

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