ICSC-UBS Store Sales 1+.8%
(Econoday.com) - Eastcoast consumers went out shopping for new winter clothes to lift retailer sales in the week ended Feb. 7. The ICSC-UBS retail chain store index rose a sharp 1.8 percent compared with the prior week. Year-on-year sales were up a very sharp 5.9 percent. But through much of January, both the weekly ICSC-UBS and Redbook reports understated what proved to be a strong month for retailers.
Redbook +0.4%
(Econoday.com) - Redbook reported a modest 0.4 percent rise in the pace of retailer sales for the week ended Feb. 7 compared with the full month of January. The year-on-year rise in the week is also modest, up 4.4 percent. Though soft, the Redbook still described sales as "buoyant", noting high spirits among retailers as spring merchandise begins to roll in.
4-Week Bill Treasury Rate 0.895%
(Econoday.com) - The 4-week U.S. Treasury bill was awarded Tuesday at a rate of 0.895 percent, unchanged from the prior week. The bid-to-cover was 2.27 vs. 2.66 last week. The steady rate on the 4-week bill, like rates on the 3-month and 6-month bills auctioned Monday, reflects investor certainty that the Federal Reserve will not raise overnight interest rates anytime soon.
3-Year Note Auction Yield Awarded 2.250%
(Econoday.com) - The U.S. Treasury auctioned $24 billion of 3-year notes today with a coupon rate of 2.25 percent and an awarded yield of 2.33 percent. The coupon rate is down 0.375 percent from the November auction but the yield is down by a smaller amount.
04.02.10 13:48 #