Falling Retail Sales Drive Treasury Yields Down, September Rate Cut Likely Treasury yields fell following weaker-than-expected US retail sales data, increasing expectations for Federal Reserve interest rate cuts this year. The two-year note’s yield dropped by up to 6 basis points to 4.70%. Market odds of a rate cut by September rose to 68%, with a full cut anticipated by November. The weak retail sales and revised April figures indicate consumer fatigue, supporting recent Treasury rallies. Goldman Sachs’ Lindsay Rosner noted that consumer spending may be slowing, suggesting potential rate cuts in September. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Experts' Inflation Consensus Shifts, Altering Election Dynamics READ MORE Oil prices little changed as OPEC sticks to demand and steady economic growth forecasts READ MORE Copper to $12,000, Gold to $2,700, Says Goldman Sachs READ MORE Recession Mentions in Earnings Calls Fall as Economic Outlook Improves READ MORE What Could Derail Gold’s Bull Run? One Analyst Says Japan READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment