Updated on January 15, 2017 10:32:09 PM EST
The first data of the week is Decembers Consumer Price Index (CPI) at 8:30 AM Wednesday. This is one of the more important monthly reports for the bond market each month since it measures inflationary pressures at the consumer level of the economy. As with last weeks Producer Price Index (PPI), there are two readings in the release. The overall index is expected to remain rise 0.3% from Novembers reading while the core data rose 0.2%. Weaker than expected readings would be favorable news and should lead to bond strength and lower mortgage rates Wednesday morning.