Treasurys dip after better-than-expected retail sales
NEW YORK (MarketWatch) — Treasurys saw losses accelerate early on Tuesday, sending yields higher, after government data showed retail sales fell a not as bad as feared 0.2% in April. The benchmark 10-year Treasury bond was down 0.1% at 100.10, yielding 3.834%. Ahead of the data, the yield, which moves inversely to price, stood at 3.795%. U.S. retail sales fell 0.2% on a seasonally adjusted basis after a 0.2% gain in March, slightly stronger than the 0.3% drop expected by economists surveyed by MarketWatch. “The data are better than expected and should support the dollar and equities but weigh on Treasuries,” analyst at Action Economics said in a note.
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