Markets

Short-dated US yields add rise after retail sales data

Published November 15, 2016 Updated November 15, 2016 07:15pm

1 min

By Shoaib Ur Rehman

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NEW YORK: Yields on short-to-medium term Treasuries extended their earlier rise on Tuesday as a bigger-than-expected rise in domestic retail sales in October supported the view the Federal Reserve would raise interest rates in December.

Two-year Treasury yield, which is most sensitive to traders' expectations on Fed policy, was up more than 2 basis points at 1.013 percent after touching its highest level since early January earlier Tuesday.

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