(on Core CPI, 2/2): - Deutsche.....>

US DATA PREVIEW: (on Core CPI, 2/2): 

- Deutsche (core: -0.36%): "strong negative prints in airfare, lodging away, and

apparel could very well repeat themselves [from March]. In addition, new and

used car prices could come under pressure from weak demand. However, the

category that presents the most uncertainty in this month's print is primary

rents, which we expect to fall 0.2% m/m. If our assumptions on rents prove

correct, this should result in the weakest core CPI print on record."

- BMO FICC: "The details will also be informative for how destructive the past

few weeks have been to pockets of the domestic economy. Used car prices (as an

indication for durable goods) and OER (for a read on real estate), in particular

will influence the longer-lasting takeaways of the report. In terms of the

potential price action, we wouldn't be surprised if the reaction was somewhat

muted as: 1 - the market has clearly displayed a predilection to avoid trading

backward-looking data, preferring to focus on the success of the reopening

processes, and 2 - a record large 10-year auction is sure to capture more focus

on Tuesday."