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Bond yields fall ahead of US retail sales data

17 Aug 2021 11:28 AM

US bond yields fell today, ahead of the release of retail sales data for July. The yield on the 10-year treasury bond fell nearly 3 basis points to 1.23%. The yield on the 30-year treasury shed 2 basis points, falling to 1.898%.

Yields move inversely with prices and one basis point is 0.01%.

The Census Bureau is due to release retail sales data for July today at 12:30 GMT, with a slowdown in spending expected last month amid concerns about a delta variant spread.

It is expected for retail sales to decline by 0.2% in July, compared to a 0.6% rise in June. Excluding cars, sales are expected to rise by 0.2% after rising by 1.3% in June.

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