US Treasuries fall as retail sales offset CPI
Thu Jul 14, 2005 11:04 AM ET
(Adds quotes, details on interest rate outlook, technicals and TIPS auction,
updates prices)
NEW YORK, July 14 (Reuters) - U.S. Treasury debt prices fell in volatile
trading on Thursday as stronger-than-expected June retail sales offset
tamer-than-forecast data on consumer inflation, which fueled an early rally.

"For now ... you have the perfect economic picture here -- strong spending
with low inflation." said Elisabeth Denison, an economist at Dresdner
Kleinwort Wasserstein in New York.

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Perfect economic picture indeed!