Stronger Start. Ho Hum Data

A recovery toward lower oil prices paved the way for the bond market to recover yesterday morning’s weakness and the same theme continued in the overnight session. 8:30am econ data represented a modest risk of volatility, but with Jobless Claims slightly higher and Retail Sales right on target, there was almost no detectable trading response. With that, we head into the rest of the session with markets on the lookout…