Surprisingly good news from the Census Bureau came our way this morning with a report that Retail Sales rose by 1.9% last month and that beat the estimates looking for a rise of just 0.8%. Without autos, the gain was 1.5% versus an estimate of only 0.4%. August’s rise of 0.7% for this metric was revised to 0.5%. For the Control Group; without auto dealers, gas stations, and building materials, the rise was 1.4% against a forecast of only 0.3%. This measure’s August value of minus 0.1% was revised to minus 0.3%.
Bond prices, which were little changed before the announcement, remain little changed after it. The Ten-Year’s yield sits at 73 basis points with the Long Bond just north of 1.50%. Crude oil is off slightly at $40.58 while gold is little changed at $1,909. Equity futures point to some small green arrows.