September Retail Sales Data was just released...better than expected

  • SEPT RETAIL SALES -1.5% vs. CONSENSUS -2.1%
  • SEPT RETAIL SALES EX-AUTOS +0.5% vs. CONSENSUS +0.2%

The bond market, which was already weaker after JP Morgan earnings beat expectations, is a few bps cheaper after 830AM data.

The FN 4.0 is currently -0-10 at 98-12 and the FN 4.5 is trading -0-11 at 100-26. Here is the FN 4.5 two day. Yesterday's gain have been erased....

MBS, TSY, LIBOR QUOTES