Treasury yields turn slightly higher after better-than-expected retail data
U.S. Treasury yields turned slightly higher on Tuesday following a series of economic data released in the morning, including better-than-expected retail data.
The yield on the benchmark 10-year Treasury note rose 1.8 basis points, to 1.639% at 4:09 p.m. ET. The yield on the 30-year Treasury bond added 1.9 basis points to 2.026%. Yields move inversely to prices and 1 basis point is equal to 0.01%.
Treasurys
| TICKER | COMPANY | YIELD | CHANGE |
|---|---|---|---|
| US1M | U.S. 1 Month Treasury | 5.371% | +0.017 |
| US3M | U.S. 3 Month Treasury | 5.408% | +0.019 |
| US6M | U.S. 6 Month Treasury | 5.396% | +0.019 |
| US1Y | U.S. 1 Year Treasury | 5.172% | +0.02 |
| US2Y | U.S. 2 Year Treasury | 4.823% | +0.004 |
| US10Y | U.S. 10 Year Treasury | 4.441% | -0.004 |
| US30Y | U.S. 30 Year Treasury | 4.583% | -0.01 |
The moves come after retail sales figures for October came in 1.7% higher, compared to 0.7% up in September, The Census Bureau reported Tuesday. Economists surveyed by Dow Jones expected sales to have jumped by 1.5%.
Homebuilder confidence rose 3 points to 83 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Analysts expected it to remain unchanged at 80.
The moves in yields come after the 10-year yield hit 1.62% on Monday, amid mounting concerns about inflation.
An auction was held on Tuesday for $60 billion of 14-day bills.
— CNBC's Pippa Stevens contributed to this market report.