Treasuries End Higher on Hopes Fed Won't Hike Rates
Friday's data was a home run for the bond market, which continued to price in a more tempered view of the Fed's likely monetary path. Both retail sales (+0.2%) and PPI (+1%, +0.1% core) were inflated in March by the surge in oil prices, while University of Michigan Sentiment slipped in April to 94.4 from 96.5 thanks to stock weakness and the Middle East conflict.
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