Treasury yields pulled back Tuesday morning as investors awaited the latest reading on U.S. retail sales.
Longer dated yields have seen more of a sideways move, which analysts said reflects worries that an eventual effort by the Fed to rein in inflation could spark an economic downturn. Richmond Fed President Tom Barkin said late Monday afternoon that he is content to wait a few more months before deciding if the central bank has to become more aggressive due to recent inflation trends.
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