Treasury yields rise after retail sales
The US dollar is getting a lift from rising Treasury yields after a slightly stronger-than-expected retail sales report.
Watch for a further break in Treasury yields with 10-years up 4 basis points to 3.0447%. The January 3, 2014 high was 3.0516% so we're a hiccup away. Even that high came at an illiquid time so we're essentially there but that look out for a wave of headlines if it breaks and that will further underpin the US dollar.
