U.S. Treasurys yields fell on Tuesday after U.S. retail sales for April came in below economists’ expectations, which could temper hopes of a sharp acceleration in economic growth in the second quarter.
U.S. retail sales barely rose in April and a gauge of consumer spending slipped, held back by declines in receipts at furniture, electronic and appliance stores, restaurants and bars and online retailers.
The Commerce Department said on Tuesday retail sales edged up 0.1 percent last month, less than economists forecasts of 0.4 percent, though the figure for March was revised upward to 1.5 percent.
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