Treasurys gain after soft confidence data

|By:, SA News Editor

There's plenty of economic data to mull over, but Treasurys are taking their cue from an unexpected decline in Consumer Confidence in November - this despite (or because of) the government returning to work and a stock market that won't quit. Those with good memories will remember the big drop in October was attributed to the government shutdown and chatter about default.

The Expectations Index also declined - to 69.3 from 72.2.

"With such uncertainty prevailing, this could be a challenging holiday season for retailers," says The Conference Board's Lynn Franco.

TLT +0.4%, TBT -0.8%, and the 10-year Treasury yield is off 3 bps to 2.70%.

Treasury ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, TLH, ZROZ, SBND, DLBS, VGLT, UBT, TLO, FSA, LBND, TENZ, TYBS, DLBL

Retailing ETFs: XLY, XRT, VCR, RTH, RETL, PEJ, IYK, IYC, SCC, FXD, UCC, PMR, UGE, RCD, SZK, FDIS, PSCD, PEZ