Treasurys gain on weak retail sales

By Julianne Pepitone, staff reporter

NEW YORK ( -- Treasury prices rose Wednesday after a disappointing U.S. retail sales report, and a moderately strong auction of $13 billion in long bonds.

What prices are doing: The benchmark 10-year note was up 22/32 to 103-17/32 and its yield fell to 3.05%. Bond prices and yields move in opposite directions.


The 2-year note edged up 4/32 to 100-1/32 with a yield of 0.61%, while the 30-year bond added 1-13/32 to 106 and yielded 4.01%.

What's moving the market: The Commerce department released a report earlier Wednesday that said retail sales fell for the second straight month in June.

Total retail sales fell 0.5% to $360.2 billion last month. Economists surveyed by expected that sales would slip by only 0.2%. The downbeat data pushed investors toward the safe haven of bonds, pulling prices higher -- even though bond prices often fall ahead of auctions.

The Treasury Department auctioned $13 billion in 30-year notes Wednesday, as part of its sale of $69 billion worth of notes and bonds this week in quarterly refunding. The sale's bid-to-cover ratio -- an indicator of investor demand for the bonds -- was 2.89, slightly higher than that of the last long bond sale. To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
View rates in your area
Find personalized rates:
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET


Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More

Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.