Long-dated Treasury yields finished at their highest levels in about 10 months on Tuesday after a stronger-than-expected retail sales report pointed to continued U.S. economic strength.
What happened
What drove markets
In U.S. data released on Tuesday, retail sales rose 0.7% in July, beating economists’ expectations and helped by strong Internet purchases on Amazon Prime Day. The retail sales data was in focus as investors looked to see how consumers are holding up in the face of the Federal Reserve’s campaign…
Read the full article here
