Treasury yields rise after better-than-expected retail sales

Treasury yields rose slightly following stronger-than-expected retail sales data and in anticipation of the Federal Reserve’s upcoming policy meeting.

The 10-year yield increased to 3.644%, while the 2-year yield climbed to 3.599%.

Retail sales for August unexpectedly rose by 0.1%, contrary to forecasts of a 0.2% decline.

Investors are focused on the Fed’s decision, with a rate cut likely, marking the first since March 2022. Market expectations lean towards a 50 basis point cut, CNBC has reported.

read more: https://www.cnbc.com/2024/09/17/us-treasury-yields-as-fed-meeting-set-to-kick-off.html

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