U.S. 10-Year Treasury Yield Rises to 4.577% as Markets Await Retail Sales, Jobless Claims
Updated
Updated · CNBC · Jul 16
U.S. 10-Year Treasury Yield Rises to 4.577% as Markets Await Retail Sales, Jobless Claims
3 articles · Updated · CNBC · Jul 16
Summary
The 10-year Treasury yield climbed more than 3 basis points to 4.577% on Thursday, with the 2-year at 4.162% and the 30-year at 5.11% ahead of fresh U.S. economic data.
8:30 a.m. ET retail sales and weekly jobless claims are the next test for investors gauging the economy's strength and the likely path of Federal Reserve policy.
Wednesday's 0.3% drop in June producer prices had briefly pushed yields lower after coming in softer than economists' flat-month forecast.
That disinflation signal was driven largely by energy, with goods prices down 1.4% on the month and energy prices falling 6.4%, reinforcing expectations that Fed rate-hike odds may keep receding.