NEW YORK: U.S. 30-year Treasury yields fell to a record low below 2per cent and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries about global trade tensions and economic slowdowns around the world.
"We'll likely have a reaction from the Federal Reserve at the next meeting. That could be something that fuels further moves lower in parts of the yield curve depending on how aggressive a stance they take." U.S. retail sales rose 0.7per cent in July. Economists polled by Reuters had forecast retail sales would rise 0.3per cent. Excluding automobiles, gasoline, building materials and food services, retail sales jumped 1.0per cent last month after advancing by an unrevised 0.7per cent in June.Other economic reports were not so upbeat, with initial jobless claims worse than expected and the Philadelphia Federal Reserve business conditions data having mixed details.In morning trading, yields on the U.
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