rates-down-on-stock-rally

Bonds dropped today following stock market gains. Rates are presently down .25 to price over yesterday. Tomorrow we'll see the release of the CPI for January, which measures inflation pressure from the consumer sector of the economy. This is a very influential report on interest rates. We'll also see January Housing Starts, which shows the strength of the mortgage and housing sector, but is of lesser importance to the movement of interest rates. Finally, we'll get the minutes from the last FOMC meeting. This report will be closely interpreted for signs of bias on the part of the Fed towards either increasing or decreasing rates. Stay tuned for a potentially volatile day tomorrow.