Treasury yields higher after strong retail sales report

|By:, SA News Editor

Treasury prices are paying attention to the big retail sales beat, not the massive jump in initial jobless claims. Down to 2.84% earlier, the 10-year yield is now ahead two basis points on the session to 2.87%. Stock index futures remain marginally lower.

The jobless claims data (they plunged to 298K last week only to soar to 368K today) clearly reflect seasonal adjustment issues surrounding the holiday season.

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