The Bond Market broke its three day winning streak after a strong Petroleum Report was released. Rates started to increase into the afternoon, however the 10 Y Treasury auction tip the scale and caused a re-price for the worse. Headlines out of Washington claimed a budget deal from the House was close; causing investors to think tapering is eminent. Today the first real piece of economic news is releases, Jobless Claims and Retail Sales: Good News Retails sales were extremely STRONG. However, jobless claims came in very weak at 68,000. So Mixed news.
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