Treasury Yields Rise After U.S. Retail Sales Climb

Treasury yields rose Thursday after the Commerce Department said that sales at U.S. retail stores rose 0.6% in July, while revising readings for June and May higher. The data are a sign the U.S. economy is on firm footing. The 10-year Treasury yield was 4.3 basis points higher on the day at 2.175% after the report. The 2-year Treasury yield gained 4.8 basis points to 0.705%, and the 30-year Treasury yield increased by 3.3 basis points to 2.852%. Bond yields rise when prices fall and vice versa.