Early Update – Consumer Expectations of Inflation Take Some of the Shine Off Early Gains

12:11 p.m. ET The market has been fluid this morning, from 10 of 11 sectors higher and yields 3 bp lower, to 8 of 11 sectors red and yields around 1 to 2 bp lower. The catalyst for the detioration in market tone was a consumer survey conducted by the New York Fed, which found…