Thursday was a big day for economic news with reporting on Jobless claims (a bit higher than expected), Housing Starts (less than expected) and the Philly Fed (better than expected). In the end, all of this news did little to move bonds in the US. This morning the Consumer Price Index (CPI) for March rose by .2% inline with estimates, while the Core CPI rose a smidgen above expectations. US interest rates continue to hover near all-time lows with the 10 year treasury hovering around 1.90%.
At the moment, we are cautiously floating rates with a bias towards locking in.