Today we see a continuation of Wednesday’s improving bond prices.  Yesterday the 10 year improved in price, and this morning we have an additional 22/32s improvement.  The 10 year yield stands at 2.97, not a bad rally.  Austin mortgage pricing followed this trend, with a combined two day price improvement.   This move was spurred by a combination of factors including weak retail sales, a decent treasury auction, FOMC minutes that show downgraded revisions in growth, and this morning’s PPI number.  PPI can in at -0.5%, and the core rate, for those that don’t eat or drive, came in at +0.1%.   Tomorrow we have a few economic numbers coming out, including CPI.