Overall, the inflation reports will draw plenty of attention this week. Since the pandemic started, inflation hasn’t been much of a concern due to the economic shutdown. Now that restrictions have been lifted in many states and a new round of stimulus looks to be coming soon, the topic is in the forefront. Wednesday looks to be the most important day of the week due to the CPI release and the 10-year Note auction while Tuesday may be the calmest day for rates. However, as we saw last week, the markets can get active at any time without notice. Therefore, keep a close eye on them if still floating an interest rate and closing in the near future.