Posted by: cfigueira | July 14, 2010

Bond prices

Bond prices remain positive following favorable data this morning. Retail sales fell 0.5%, considerably lower than the expected 0.2% decrease. This was very bond friendly and helped erase the losses from yesterday afternoon. We have a 30-year Treasury auction this afternoon along with the Fed minutes. Production and inflation numbers will also be released during the week. With the additional supply of debt and inflation figures on deck, trade will most likely remain volatile

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