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- U.S. treasury yields ebb lower ahead of retail sales data
U.S. treasury yields ebb lower ahead of retail sales data
CNBC reports that U.S. Treasury yields ebbed lower, ahead of the release of July’s retail sales data.
The yield on the benchmark 10-year Treasury note fell 2.2 basis points to 1.235%. The yield on the 30-year Treasury bond gave up 1.9 basis points, falling to 1.905%.
The Census Bureau is due to release July’s retail sales data at 12:30 GMT, with an expected slowdown in spending last month amid concerns around the spread of the delta variant. Economists expect retail sales fell by 0.3% in July, compared to a 0.6% gain in June. Excluding autos, sales were expected to have gained 0.2%, after a 1.3% gain in June.
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