Veteran’s Day weekend did not do any favors to the bond market; MBS lost another 43bps today. Tomorrow we’ll see monthly CPI, which is expected to rise from last month’s 2.4% to 2.6%. PPI is also expected to increase 0.2% when released on Thursday.

The good news is that those results are already priced into today’s rates so any reprieve with CPI & PPI will help reduce interest charges.