Treasuries and mortgages are under pressure this morning as equities make gains after six straight weeks of losses. With no economic data and few corporate headlines today, investors prepare for a busy week ahead of manufacturing, housing, inflation, and consumer sentiment reports. Tuesday brings us the first set of inflation data with the Producer Price Index and Core Producer Price, as well as May's Retail Sales. Wednesday is the next set of inflation data; the Consumer Price Index and Core Consumer Price Index. The Empire State Manufacturing Survey will give a glimpse into the regional manufacturing in the New York area. Also on tap for Wednesday are the Industrial Production and Housing Market Index. Thursday we have the weekly Jobless Claims in addition to the Housing Starts and Philadelphia Fed Manufacturing reports. Friday we finish with the University of Michigan Consumer Sentiment and the Leading Economic Indicators. Currently rates are roughly an 0.125 worse in price from Friday morning.
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