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The US Treasury Yields fell on Tuesday after the retail sales were expected, narrowed more than economists on Wall -Strito, raising the prices for bonds and causing concern that the economy is aiming at slowing or even a recession.
Yield on landmarks 10-year-old treasury fell over 6 basic points to 4.387%, and 2-year-old treasury The yield was lower than 2 basic points to 3.946%.
One base point is equivalent to 0.01%, and bond yields and prices are moving on the contrary, that is, the prices higher on Tuesday.
In May, retail sales decreased by 0.9% in May, according to the census bureau, worse than 0.6% reduction, which was evaluated by economists interviewed by Dow Jones. With the exception of cars, the sales last month decreased by 0.3%, exposed to the street expectation by 0.1%. Sales of the gas station decreased by 2% per month, which can reflect as a decline in prices, but perhaps a slower economic activity.
Also raising the bond market, there was early departure of President Donald Trump from the seven summit on Monday, alarm Possible escalation in Israel and Iran’s conflict. Trump said his early exit was associated with “much greater events in the Middle East, calling on Iranians” immediately evacuated Tehran “in anticipation of Israeli bombing.
“Indeed, there was no sign of de-escalation in the Ary War, and the blast reports again in Tehran overnight, while Iran launched more missiles in Israel,” Deutsche Bank wrote in a note published on Tuesday. “There are still big questions whether Israel will perceive the ceasefire, given that it seeks to destroy Iran’s nuclear program,” the bank said.
The conflict between Israel and Iran entered the fifth day on Tuesday without signs of fewer attacks. Both countries issued new evacuation orders as The rockets continued to rain.
Without Trump the other six group leaders of seven Complete your summit in Albert, Canada On Tuesday, without a joint communiqué, which is expected at the end of the meeting.
