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Treasurys Dump, Dollar Jumps After Econ Data
Well, that escalated quickly...
https://twitter.com/Chris_Whittall/status/819900895387418624
From Bloomberg:
UST futures fell from session highs after Dec. retail sales were only marginally below economists’ median estimate, amid indications that market participants were expecting a larger miss.
The dollar pared losses as the Treasury 10Y yield rose toward a session high after December retail sales rose 0.6% vs est. 0.7%, and as PPI rose 0.3%.
USD remains on a defensive footing and is s
