University of Michigan sentiment preliminary for March 57.9 versus 63.1 estimate
- Prior month 64.7
- consumer sentiment 57.9 versus 63.1 estimate
- current conditions 63.5 versus 65.0 estimate
- expectations 54.2 versus 64.3 estimate
- 1 year inflation expectations 4.9% versus 4.3% last month.
- Five year inflation expectations 3.9% versus 3.5% last month
US stocks have moved lower on the report but remain positive. Yields are higher with the tenure at 4.310%, +3.6 basis points