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

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Comments (6)
  • bbro
    , contributor
    Comments (10939) | 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 (99) | 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 (15968) | 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 (1020) | Send Message
     
    What about all those programmers working on the website?
    26 Nov 2013, 12:29 PM Reply Like
  • Andre Waldron
    , contributor
    Comments (296) | 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 (296) | 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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