US Treasury yields advanced on Friday during the North American session after reversing their course following the release of US Retail Sales data, which disappointed investors. Meanwhile, the lack of news from the Middle East kept Oill prices higher, amid fears of a resumption of hostilities.
US yields climb as Oil stays bid, while weak sales pressure Dollar
The US 10-year Treasury yield edged up by over 4 basis points to 4.692% amid a rise in Oil prices. West Texas Intermediate (WTI), the US crude benchmark, is up 1.50% at $82.39.
US Retail Sales disappointed investors, contracting -0.6% MoM, below forecasts of 0.1% growth and June’s 0.2%…
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