Soft CPI and Retail Sends Bonds Higher

Posted on Jun 14 2017 - 9:54am by Sharpe Trade

CPI and retail numbers were released this morning at 8:30 AM EST.  Per Bloomberg ….

“Treasuries rallied and the dollar weakened after data showing inflation cooled and retail sales contracted last month signaled uneven economic growth as the Federal Reserve is set to deliver its latest rate decision. U.S. stocks fluctuated.  The 10-year Treasury note yield fell eight basis points and the greenback weakened versus major peers as the data cast doubt on the robustness of economic growth.”

So we’ll see what FOMC has in store for us this afternoon.

As it stands, if anyone holds bonds or a derivative thereof such as TLT, you’re very likely seeing your portfolio scream higher this morning …

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