Unsurprisingly, yields in Germany fell back to levels previously seen in July/ August of last year.
Wednesday, February 5, 2014
European Retail Sales Disappoint (Again)
Contrary to the consensus for a 1.5% y/y gain in December, European retail sales fell (-1.0% y/y) and November's gain was revised to a more modest 1.3%-- the only year-over-year rise since April 2011.
Unsurprisingly, yields in Germany fell back to levels previously seen in July/ August of last year.
Unsurprisingly, yields in Germany fell back to levels previously seen in July/ August of last year.