European Retail Sales Disappoint (Again)
February 05, 2014
By Uncategorized in
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.
Tags > 10-year Government Bond, Europe, Germany