Market Analysis

The bond market is deteriorating this morning.  The 10 year US Treasury Note is now trading over the 3.5% level at 3.56%.   In economic news, November's Retail Sales came in much stronger than expected.  Retail sales were up 1.3% vs estimates of .6 to .9%.  Excluding autos retail sales were up 1.2% which was much stronger than the .4 to .5% increase.  Also, the Reuter's/University of Michigan Consumer Sentiment Index for mid-month December came in at 73.4 which was higher than the 68.2 estimate.
Posted by Matthew Breston on December 11th, 2009 9:21 AMPost a Comment (0)
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