Retail Sales In-Line With Expectations
It was another quiet day in terms of trading with low volume and low volatility. The S&P 500 closed down 1.69 points and the Nasdaq-100 closed marginally higher up 7.33 points. Treasuries sold off sharply as the Treasury auctioned $24 billion in new 10-year notes. The auction drew a maximum rate of 2.046% slightly weaker than the pre-offered yields. Earlier in the day Treasuries had seen sharp selling as chatter suggested that the G7 would impose restrictions on the amount of US Treasuries that Japan could buy. January advance retail sales was the main data point for the day ...
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