The Import Price Index (MoM) fell -0.5% in September, following declines of -0.6% in August and -0.3% in July. The decrease in Import Prices for all three months can be traced to declines in fuel prices which fell -2.1% in September, -3.1% in August and -1.5% in July. Excluding fuel, Import Prices edged down -0.1% in September. Lower Import Prices may temper concerns about the risks to disinflation from a stronger dollar. Treasuries are continuing to advance for the fifth straight day today, and the curve has bear flattened with 2s10s down -1.4 bps.
GNMA Issuer Fannie Mae and Freddie Mac Direct Lender Licensed throughout the U.S. and Puerto Rico Privately Held Mortgage Bank for Over 32 Years Excellent Underwriting / Funding Turn Times
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