Market Insider

It's always sunny in Philadelphia but bond market doesn't care

VIDEO1:4301:43
Strong data paints a rosy picture for US

Blow-away Philly Fed data at a 1993 level, slightly stronger consumer inflation data, a surprise jump in home sales and still sub-300,000 weekly jobless claims. None of it has even ruffled the bond market.

Treasury yields stayed around levels they were at all morning Thursday, but the volume was higher than usual. The cash market is at 132 percent of the 10-day average volume by mid-morning, though recent volumes have been relatively low, according to CRT Capital.

Blame Alibaba.