10-year Treasury yield retreats after much weaker-than-expected retail sales
Publishing timestamp: 2024-02-15 12:45:52
Summary
The article discusses how U.S. Treasury yields fell after weaker-than-expected retail sales data raised concerns about the strength of the consumer. The 10-year Treasury yield was 3 basis points lower at 4.24%, while the 2-year Treasury yield was down by less than 1 basis point at 4.57%. The article also mentions that the U.K. economy contracted by 0.3% in the fourth quarter of 2023, pushing the country into a technical recession.
Sentiment: NEUTRAL
Keywords: breaking news: markets, austan goolsbee, government debt, u.s. treasury bonds, u.s. 2 year treasury, business news, u.s. economy, bonds, economy, u.s. 10 year treasury, treasury notes, treasury bills, markets, economic outlook, economic events, inflation, monetary policy, interest rates, prices,