Treasuries Gain as Tepid U.S. Data Push Traders to Reprice Fed

  • Yields fall as retail sales, producer prices trail forecasts
  • Futures indicate 16% chance of Fed rate increase next month

Pimco's Mark Kiesel on U.S. Treasuries, Bonds

Treasuries gained, with 10-year note yields declining by the most in two weeks, after data on U.S. retail sales and wholesale prices in July fell short of forecasts, undermining the Federal Reserve’s case to raise interest rates this year.

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