What a Great Week for Treasury Markets!

The 0.412% month over month core read was effectively right in line with what economists were expecting. The retail sales report that as we touched on earlier was nothing if not strong and added to the idea that not only was hiring very strong in January, but also spending was very robust. And at least during the first month of the year, the real economy is performing in such a way that will give the FOMC ample cover to continue raising policy rates.