Retail Sales Rock the Bond Market Today!

Retail Sales April | Reported -0.2% | Est [-0.2%] | Prior 0.2% | ELEVATED

Retail Sales ex-AUTO | Reported 0.5% | Est 0.2% | Prior 0.1% | ELEVATED

The Fannie Mae Bond is down -56bp currently to $99.72.  Mortgage Rates saw .25% increase today!