Treasury yields lower as markets brace for retail sales data

The 10-year Treasury

yield inched lower on Tuesday as investors awaited retail sales data for December amid a flurry of economic data this week.

The benchmark yield was over 1 basis point lower at 4.184%, as was the 30-year Treasury yield at 4.836%. The 2-year Treasury note yield also fell less than 1 basis point to 3.475%.

One basis point is equivalent to 0.01%, and yields and prices move in opposite directions.

Retail sales for December, to be released later on Tuesday, is expected to tick up 0.4% month-on-month, according to economists polled by Reuters, compared to 0.6% in November.

Treasury yields lower as markets brace for retail sales data

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