Market rates rose last week even as the data came in below forecasts
The yield on the ten-year treasury ended last week at 3.0%. The rise to this level has occurred three times this year only to back off to well below this barrier. The rise took place even as the August inflation data was below prior months and consensus forecasts. Even consumption data from the retail sales report for the month, which came in well below the very strong July, did not keep market rates from rising.
ProBank Austin Advisor - September 17, 2018