Government bond yields are rising again, defying a run of soft economic data.
Yields, which rise when bond prices fall, are up more on longer-term notes and bonds-extending a recent trend that began when Federal Reserve Chairman Kevin Warsh made some investors nervous about his commitment to fighting inflation in a July 29 press conference.
Yields initially fell Friday after weaker-than-expected retail sales report. But they quickly reversed course. Yields rose even more in Europe, where the yield on the German 10-year bund was up around 0.08 percentage point at 3.186%, according to Tradeweb.
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