Econ data this morning was a bit hot: - Strong beat from ret...

Econ data this morning was a bit hot:

- Strong beat from retail sales at 0.6% MoM (forecast of 0.4% MoM)

- Import prices (0.0% MoM) were a tad over expectations but still pointed to disinflation.

- Industrial production was expected to fall and it didn't (0.1% MoM). However, Nov and Oct growth was revised down.

Hawks win again, yields up, risk off.