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Treasurys gain after soft confidence data

  • 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
Comments (6)
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    Jobs hard to get minus jobs plentiful recession indicator continues to
    show no recession in sight....
    26 Nov 2013, 10:22 AM Reply Like
  • hummerh25
    , contributor
    Comments (97) | Send Message
     
    Obama says he has created 5 million new jobs, sure 90%. Are $8. Hr.
    26 Nov 2013, 11:12 AM Reply Like
  • Tack
    , contributor
    Comments (12770) | Send Message
     
    Only a stand-up comedian could make a plausible joke that Obamacare has created jobs.
    26 Nov 2013, 11:59 AM Reply Like
  • MLP Trader
    , contributor
    Comments (875) | Send Message
     
    What about all those programmers working on the website?
    26 Nov 2013, 12:29 PM Reply Like
  • Andre Waldron
    , contributor
    Comments (270) | Send Message
     
    This is another instance in which good news is bad news and bad news is good news.
    26 Nov 2013, 08:33 PM Reply Like
  • Andre Waldron
    , contributor
    Comments (270) | Send Message
     
    This is another instance in which good news is bad news and bad news is good news.
    26 Nov 2013, 08:33 PM Reply Like
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