The U.S. Core Retail Sales Rose 0.2%

U.S. government debt yields slipped on Friday after the U.S. Government said that last month’s clothing sales represented the largest month-over-month decrease since March 2009. The yield on the 10-year Treasury note slipping to 1.58%. The yield on the 30-year Treasury bond fell to 2.034% while the 2-year yield receded to 1.426%. (CNBC)

U.S. consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009. The Commerce Department said on Friday retail sales excluding automobiles, gasoline, building materials and food services were unchanged last month. Data for December was revised down to show the so-called core retail sales rising 0.2% instead of jumping 0.5% as previously reported. (CNBC)

Source: Danareksa Sekuritas Debt Research
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