We have a light calendar this week with Wholesale Trade Inventorieson Wednesday and Retail Sales/Import Price data on Friday. Today we have consumer credit, which is expected to post the most sluggish growth in credit in 5 months at $17.275 Billion. Friday’s disappointing jobs report fueled a rally in treasuries and increased speculation that the Fed will wait until the second half of 2015 to raise rates; and today the market continues to hover around yesterday’s highs. The curve has bull flattened with 2s10s down -2.4 bps.
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