Daily Note | October 12, 2023 | IHIT Looks Like A Buy Here

Good Morning!

Markets are now moving lower as the 10-yr yield broke back above 4.6% following the hotter-than-expected inflation report.  CPI came in at +0.4% for the month and +3.7% y/y.  That is slightly above the +0.3% and +3.6% consensus by the market.  Core CPI came in as expected at +0.3% and +4.1%, and Super Core came down from +5.1% to +4.6%.  Ad…