REPORTERS were occupied with the two state visits this week of President Ferdinand Marcos Jr.: the first to Indonesia (September 4-6) and the seco
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(MENAFN - ING) Are these numbers virused ?
Yesterday s slight pullback in US 10Y Treasury yields could easily have been bigger given how far it had come in such a short time. But in the end, the 3bp retrenchment to about 1.27% was really pretty insignificant.
What may have helped this from being a bigger move was a slew of very strong US data yesterday. This included a 5.3%MoM surge in retail sales (the control series was up 6.0%MoM!). Industrial production rose 0.9%MoM, though there was a slight downward revision to the previous month, nonetheless, it was still a strong outcome, and PPI also surged by 1.3%MoM at a headline level, and by 1.2% MoM for the core.