While you were sleeping: Treasuries, Wall St drop after US retail sales data

Tue, 15 May 2018

By Margreet Dietz May 16 (BusinessDesk) - US Treasuries dropped, as did Wall Street, as the latest retail sales data underpinned bets the Federal Reserve will hike its target interest rate at its June meeting and might have to step up the pace of interest rate increases. Also weighing on sentiment was fresh concern about US trade talks as Mexico’s economy minister cast doubt that an agreement on a new North American Free Trade Agreement deal will be reached by the Thursday deadline cited by House Speaker Paul Ryan. “It is not easy, we...

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