Business & Finance

US bond yields hit session lows after retail sales data

Published December 14, 2016 Updated December 14, 2016 08:19pm

1 min

By Shoaib Ur Rehman

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NEW YORK: Yields on longer-dated US Treasuries touched session lows early Wednesday as weaker-than-forecast rise in retail sales in November reduced expectations of a pickup in US consumer spending in the fourth quarter.

Benchmark 10-year Treasury yield fell to a session low of 2.426 percent. It was last at 2.437 percent, down 4 basis points from late on Tuesday, according to Reuters data.

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