• Retail Sales
    • -0.4 vs 0.3 f'cast, 0.4 prev
  • Retail Sales excluding autos
    • -0.4 vs 0.3 f'cast, 0.7 prev
  • Import Prices
    • 0.3 vs 0.4 f'cast, 0.2 prev

Bonds began the day just a hair better than unchanged. The decidedly weak Retail Sales result is prompting a logical rally. 10yr yields are down 3.6bps at 4.496 and MBS are up nearly a quarter point.