So where are we left on balance after the morning’s data dump and ahead of the FOMC minutes at 2pmET? With a somewhat flatter Treasury yield curve as the two-year yield increased partly due to Fed comments (San Fran’s Daly remarking she’s open to considering a faster taper) and a questionable drop in initial weekly jobless claims. The broad tone of the releases indicated generally solid activity readings while inflation followed CPI higher, just less so as per expectations. Brief comments on each release follow. US weekly jobless claims, initial Nov 20th / continuing Nov 13th, 000s SA: • Actual: 199 / 2049 • Scotia: ... (full story)