The yield on the government's 30-year bond fell to a record low of 2.395
percent, surpassing the previous record low of 2.443 percent set in
July 2012, according to Tradeweb data. Recently, it traded at 2.432
percent.*
A weak morning got even weaker after 8:30 a.m. ET when December
retail sales came in down 0.9 percent, well below consensus estimates of
a 0.2-percent drop. It was the largest monthly decline since January
2014.
...................................................
But hold on. Much of the drop—not surprisingly—was due to a decline in
gas station sales, which were down 6.5 percent from November, the
largest month-over-month decline since December 2008, and 14.2 percent
from a year earlier.**
* http://www.cnbc.com/id/102332516
** http://www.cnbc.com/id/102336449
Showing posts with label gasoline sales decline. Show all posts
Showing posts with label gasoline sales decline. Show all posts
Wednesday, January 14, 2015
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