Treasury Yields Pop After Strong August Retail Sales

Core Insights - Strong retail sales data for August led to a significant increase in Treasury yields, indicating a potential shift in economic outlook and interest rate expectations [1]. Group 1: Economic Indicators - The yield on the 2-year Treasury note rose to 3.56% following the retail sales report [1]. - The 10-year Treasury yield increased to 4.06%, reflecting investor reactions to the stronger-than-expected retail sales [1]. Group 2: Market Reactions - Dow futures experienced a slight decline of less than 0.1%, while S&P 500 futures saw a modest increase of 0.1% [1]. - Nasdaq 100 futures rose by 0.2%, indicating a mixed response across different market indices [1].