Markets

Bonds add gains after retail sales drop

Published July 16, 2012 Updated July 16, 2012 01:00pm

Benchmark 10-year Treasury notes were up 8/32 in price at 102-19/32, doubling its earlier gain before the release of the consumer spending report.

The 10-year yield was 1.46 percent, down 3 basis points from late on Friday and about 2 basis points from its lowest level going back to the early 1800s.

Copyright Reuters, 2012