10-year Treasury yield surges to five-week high above 4.11% after strong Dec. retail sales
Publishing timestamp: 2024-01-17 12:11:35
Summary
Treasury yields rose on Wednesday, with the 10-year yield hovering near 4.1%. This was due to stronger-than-expected December retail sales and remarks from Federal Reserve members. The 10-year Treasury note yield was up 3 basis points at 4.098%, while the 2-year Treasury yield rose by around 13 basis points. December's retail sales data showed strong consumer demand during the holidays. Comments from Federal Reserve Governor Christopher Waller and European Central Bank members also influenced the market.
Sentiment: NEUTRAL
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