10-year Treasury yield jumps above 4.6% after hot retail sales, foiled Iran attack
Publishing timestamp: 2024-04-15 11:08:07
Summary
Treasury yields jumped on Monday due to a hotter-than-expected retail sales report and rising geopolitical tensions. The 10-year Treasury yield rose to its highest level since mid November, while the 2-year Treasury yield also increased. Retail sales for March were higher than expected, indicating strong consumer spending despite inflation concerns. Traders are also monitoring growing tensions in the Middle East. Market expectations for the first rate cut have shifted to July or September.
Sentiment: MIXED
Keywords: economy, prices, u.s. 10 year treasury, u.s. treasury bonds, bonds, treasury notes, government debt, economic events, business news, breaking news: markets, treasury bills, u.s. 2 year treasury, economic outlook, markets,
Source: https://www.cnbc.com/2024/04/15/us-treasury-yields-as-investors-consider-economic-outlook.html