Markets & Finance

Treasury Yields Rise

S&P MarketScope: Treasury bond yields rose in late trading Wednesday, as recent data made investors bet that the Federal Reserve might soon raise interest rates.

The 10-year notes were yielding 4.16%, from 4.13% at Tuesday's close. The 30-year bonds were yielding 4.44%, from 4.41% previously.

News hit that U.S. retail sales fell 2.1% in August after surging 1.8% in July. Investors had been expecting to hear that August retail sales fell 1.1% due to higher gasoline prices.

In other news Wednesday, August Industrial Production reportedly rose 0.1%, less than the 0.3% expected. The Dept. of Energy and American Petroleum Institute also released oil and gasoline inventory data.

Investors continued wondering whether the Federal Reserve will pause in its credit tightening program. The Fed had been raising the cost of borrowing in the States, an effort that can keep a lid on inflation. But some experts have argued that the economy needs a boost following damages from Hurricane Katrina.

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