Strong economic data doesn't slow Treasury rally; Wal-Mart in focus

|By:, SA News Editor

A series of fast economic prints - jobless claims, CPI, Empire State - briefly had Treasury yields higher on the session, but they're in retreat now, with the 10-year yield dropping two basis points to 2.52%.

Maybe of more import were Wal-Mart's results which missed estimates on both lines, showed a 1.4% decline in store traffic, revealed inventory growing faster than sales, and offered weak guidance for Q2.

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