NEW YORK: US Treasury yields rose from early lows on Thursday after US retail sales data in March overwhelmingly beat expectations, easing concerns about a potential economic slowdown.
US retail sales last month rose 1.6%, handily exceeding forecasts of a 0.9% gain. The number was also a steep turnaround from February's 0.2% fall.
In early morning trading, US 10-year note yields edged up to 2.575% after the data, from 2.563% just before. Ten-year yields, however, were still down from Wednesday's level of 2.592%.
US 2-year yields edged up to 2.392% from 2.384% before the data's release, although they were still lower compared to 2.402% late on Wednesday.