Treasury yields rise ahead of U.S. retail sales data, Fed's Powell comments

Treasury yields are on the rise ahead of data on April retail sales and remarks by Federal Reserve Chairman Jerome Powell.

Treasury yields rose slightly Tuesday as investors awaited a reading on U.S. April retail sales and remarks by Federal Reserve Chairman Jerome Powell.

What yields are doing What’s driving the market Investors looking for clues to the Federal Reserve’s plans for hiking interest rates further and otherwise tightening monetary policy as it attempts to get to grips with persistently high inflation will be tuned in to a flurry of speeches by Federal Reserve officials Tuesday, particularly comments by Powell.

Data on U.S. April retail sales is due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal look for sales to show a 1.1% rise, while sales excluding vehicles were seen up 0.5%.

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