Bond Report: 10-year Treasury yield touches four-week high after stronger-than-expected U.S. retail sales

Treasury yields jumped Tuesday after a key update of consumer spending showed U.S. households remained in bright shape, potentially undercutting expectations for the Federal Reserve to pursue an aggressive easing measures this year.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, +0.91% climbed 3.1 basis points to 2.124%, its highest since June 12, while the 30-year bond yield TMUBMUSD30Y, +0.35% was up 2.1 basis points to 2.633%. The 2-year note rate TMUBMUSD02Y, +1.36% rose 3.3 basis points to 1.866%. Debt prices move in the opposite direction of yields.

What’s driving Treasurys?

Bond traders saw a rush of economic data early Tuesday.

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