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 Record Gold Prices Reshape Demand Landscape READ MORE OPEC Slashes Oil Demand Growth Outlook for 2024 and 2025 READ MORE Optimistic Shift in U.S. Economic Outlook Despite Ongoing Challenges READ MORE Asian Gold Demand Surges Despite Near-Record Prices READ MORE Household Debt Climbs but Economy Shows Signs of Robust Growth READ MORE Add a Comment Cancel replyYour email address will not be published.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