The University of Michigan consumer sentiment final for May is showing: • Consumer sentiment 69.1 vs 67.5 estimate and 67.4 preliminary. Last month 77.2. • Expectations 68.8 versus 66.5 preliminary. Last month 76.0 • Current conditions 69.5 versus 68.8 preliminary. Last month 79.0. • 1-year inflation expectations 3.3% versus 3.5% preliminary • 5 year inflation expectations 3.0% versus 3.1% preliminary • 5 year inflation expectations 3.0% versus 3.1% preliminary. US yields have moved a bit lower off of the lower inflation expectations. The US stocks have ticked higher with the NASDAQ index now up 84 points or 0.50%. ... (full story)