“U.S. Treasury yields rise after strong China economic data”
September 15, 2020
“What are Treasurys doing?
The 10-year Treasury note yield TMUBMUSD10Y, 0.681% rose 1.2 basis points to 0.681%, while the 2-year note rate TMUBMUSD02Y, 0.137% was steady at 0.139%. The 30-year bond yield TMUBMUSD30Y, 1.425% added 2.1 basis points to 1.429%. Bond prices move in the opposite direction of yields.
What’s driving Treasurys?
Chinese retail sales grew for the first time in 2020, rising 0.5% in August from a year earlier, according to the National Bureau of Statistics. Industrial production in China also rose 5.6%, up from July’s 4.8% increase…”