Treasurys give up more ground after strong retail sales print

|About: iShares 20+ Year Treasur... (TLT)|By:, SA News Editor

August retail sales topped expectations, rising 0.4% vs. 0.2% expected. July's print was upwardly revised to a 0.8% gain.

"Control group" sales gained 0.3%, matching expectations, but again, July's advance was revised higher.

Continuing an ugly month, bonds sold off hard on the news, with the 10-year Treasury yield jumping another six basis points to 1.836%. TLT -1.05%, TBT +2.1%

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