Markets & Finance

Bonds Rally after Retail Sales

From Standard & Poor's Equity ResearchAction Economics: Bonds rallied Friday morning after retail sales plunged in June, moderated by the jump in import prices. The T-note yield slipped 2 basis points to 5.11% after stalling into 5.15% overnight. The curve is very slightly narrower, with the 2s-10s spread trading inside +18 bp now. Much will depend on how badly the data tarnishes yesterday's record run on stocks, which could dictate follow-through demand on Treasuries. Up next are U. Michigan sentiment and inventories.

China's Killer Profits

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

blog comments powered by Disqus