Treasurys boosted by weak data

|By:, SA News Editor

Stocks are rallying again, but Treasurys may have the slow July retail sales report and/or geopolitical worries on their mind as the 10-year yield slides five basis points to 2.41%. Today's retail sales datapoint is an early sign the economy has downshifted in Q3 after Q2's weather-related bounce, says CRT Capital's David Ader.

To review, retail sales in July were flat with June's level vs. a forecast of a 0.2% rise. Ex-autos, retail sales rose 0.1% in July vs. consensus of a 0.4% gain.

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