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Bond Report: Treasury yields move lower ahead of U.S. retail sales data

Treasury yields pulled back Tuesday morning as investors awaited the latest reading on U.S. retail sales.

What are yields doing?What’s driving the market?

Long-dated Treasury yields fell Monday, while the 2-year note was little moved after ending Friday at its highest since March 2020. A sharp rise in yields at the short end of the curve since September has reflected growing expectations the Federal Reserve will be forced to move more aggressively than it has signaled to squelch inflation that is running hotter and proving…

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