3/12/10

There wasn’t much news yesterday with the exception of the 30-yr bond sale which went pretty well. This morning’s Retail Sales figure, expected to show a slight decrease, was up .3%, excluding autos were up .8%. Overall, these were strong numbers for a market that hasn’t had much news lately, and should push the equity markets higher. Interest rates, however, as you would expect were not helped by this, and mortgage prices are slightly worse this morning. Have a great weekend.