- Core retail sales fell 0.1% in February, beating expectations for a 0.2% decline, but January's core retail sales was revised from a gain of 0.1% to a drop of 0.4%. On balance, we'll call the report a miss.
- Lower already, the 10-year Treasury yield dipped another couple of basis points to 1.91% following the print. It's since bounced back to 1.94%, off three basis points on the session.
- In other economic news, the Empire State Survey printed positive for the first time in eight months, and the FOMC begins its two-day meeting today, at which no change in monetary policy is expected.
- TLT +0.55%, TBT -1.1%
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX