Arabic version: ارتفاع عوائد سندات الخزانة بعد تراجع مبيعات التجزئة في يوليو

According to Cnbc, the 10-year U.S. Treasury note yield rose Friday after retail sales data missed expectations and the U.S. said its naval blockade of Iranian ports could continue “indefinitely.” The benchmark 10-year yield climbed more than 5 basis points to 4.696%.

The 2-year Treasury note yield added 3 basis points to 4.171%, while the longer-dated 30-year Treasury bond yield advanced nearly 6 basis points to 5.267%. The 2-year yield more closely tracks short-term Federal Reserve interest-rate policy. One basis point equals 0.01%, and bond yields move in the opposite direction of prices.

Retail sales unexpectedly fell 0.6% in July. Economists polled by Dow Jones had forecast a 0.1% increase. The producer price index was flat month over month in July, compared with expectations for a 0.2% rise. The result followed a consumer price index reading that matched economist expectations.

Yields initially jumped following comments by Treasury Secretary Scott Bessent in an interview with Newsmax. Bessent warned of fresh measures intended to bring about Iran’s “economic isolation” that “have never been seen.” His remarks followed Defense Secretary Pete Hegseth’s statement to reporters that U.S. forces could maintain an indefinite blockade of Iranian ports.

ING strategists said the week’s U.S. inflation data had been contained and welcome for Treasuries, easing pressure from higher rates. However, they said that pressure had not disappeared, adding that real yields were higher and would likely remain so.