Source: US Dept. of Treasury End of Day
• Rates fell during the week with the 2-year Treasury note yield decreasing by 17 basis points to 3.81% while the 5-year Treasury note fell by 22 basis points to 3.94%.
• March retail sales advanced by a robust 1.4% driven by an acceleration of auto sales as consumers attempt to front run potential tariff induced price hikes while sales excluding automobiles advanced by a still firm 0.5%.
• Despite multiple downbeat consumer sentiment readings, consumers kept their wallets and purses open with all but two retail sales categories posting an advance.
• The week brings some insightful economic data with S&P PMI’s out on Tuesday, durable goods orders and unemployment claims on Wednesday, and April’s final UM sentiment out on Thursday.
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