http://MikesDailyMarketReport.com: Wholesale Inventories rose 2.2% in April. Both Markets are Down today, as Investors await inflation data on Friday. They want to verify their beliefs that inflation has already peaked. Meanwhile, oil continues to climb, reaching $121/barrel. MBS is also competing with Corporate Bonds that being added to the Market. It's currently Down 27bps, as Mortgage Rates worsen from yesterday's close; and fell below it's 25 DMA again. Yields have climbed above the 3% level again; and is currently just under 3.03%.
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