Spending Like Crazy: Retail Sales Jump but Bond Yields Lower June 14, 2018 Off By Mike Mish Shedlock Retail sales jumped far more than expected in May, up 0.8% vs a consensus estimate of 0.4%. Curiously, bond yields fell. Fed is Rethinking Its Balance Sheet Unwind: Expect Lower LT Rates, Higher Gold ECB to Keep Negative Rates for “At Least” Another Year: Treasuries Rally
