Rather than being decidedly weaker, bond markets are...

If you read the "concerns" in the last few alerts,...

As feared, the window of opportunity for selling pressure...

We'd hoped/expected to see volume pick back up today...

MBS are at the highs of the day and it's starting to...

*Inventories up 0.9 pct vs +0.5 pct consensus
*Sales up 1.2 pct vs +0.7 pct consensus

Sales. The U.S. Census Bureau announced today that February 2012 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $409.4 billion, up 1.2 percent (+/-0.5%) from the revised January level and were up 9.3 percent (+/-1.1%) from the February 2011 level. The January preliminary estimate was revised upward $0.3 billion or 0.1 percent.

Inventories. Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $478.9 billion at the end of February, up 0.9 percent (+/-0.4%) from the revised January level and were up 9.3 percent (+/-1.1%) from the February 2011 level. The January preliminary estimate was revised upward $1.2 billion or 0.2 percent. February inventories of durable goods were up 0.5 percent (+/-0.4%) from last month and were up 10.2 percent (+/-1.8%) from a year ago.

VOLUME! It's not epic, but it's strong, and stands...

Rather than being decidedly weaker, bond markets are...

If you read the "concerns" in the last few alerts,...

As feared, the window of opportunity for selling pressure...

We'd hoped/expected to see volume pick back up today...

MBS are at the highs of the day and it's starting to...

*Inventories up 0.9 pct vs +0.5 pct consensus
*Sales up 1.2 pct vs +0.7 pct consensus

Sales. The U.S. Census Bureau announced today that February 2012 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $409.4 billion, up 1.2 percent (+/-0.5%) from the revised January level and were up 9.3 percent (+/-1.1%) from the February 2011 level. The January preliminary estimate was revised upward $0.3 billion or 0.1 percent.

Inventories. Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $478.9 billion at the end of February, up 0.9 percent (+/-0.4%) from the revised January level and were up 9.3 percent (+/-1.1%) from the February 2011 level. The January preliminary estimate was revised upward $1.2 billion or 0.2 percent. February inventories of durable goods were up 0.5 percent (+/-0.4%) from last month and were up 10.2 percent (+/-1.8%) from a year ago.

VOLUME! It's not epic, but it's strong, and stands...

*Inventories up 0.9 pct vs +0.5 pct consensus
*Sales up 1.2 pct vs +0.7 pct consensus

Sales. The U.S. Census Bureau announced today that February 2012 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $409.4 billion, up 1.2 percent (+/-0.5%) from the revised January level and were up 9.3 percent (+/-1.1%) from the February 2011 level. The January preliminary estimate was revised upward $0.3 billion or 0.1 percent.

Inventories. Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $478.9 billion at the end of February, up 0.9 percent (+/-0.4%) from the revised January level and were up 9.3 percent (+/-1.1%) from the February 2011 level. The January preliminary estimate was revised upward $1.2 billion or 0.2 percent. February inventories of durable goods were up 0.5 percent (+/-0.4%) from last month and were up 10.2 percent (+/-1.8%) from a year ago.