• Philly Fed
    • 10.3 vs 3.0 f'cast
  • Retail Sales
    • 0.4 vs 0.3 f'cast
  • Jobless Claims
    • 241k vs 260k f'cast

Bonds were already modestly weaker in the overnight session and are adding to the losses after all 3 of this morning's reports came out stronger than expected. 10yr yields jumped from just under 4.04 to just over 4.07 and MBS are down a quarter point.