Treasury yields were little changed from yesterday’s settle after March retail sales beat expectations.
Sales increased 1.4%, while economists surveyed by the Wall Street Journal expected 1.2%. February’s figure was unrevised at 0.2%. Sales ex-autos rose 0.5%, versus consensus of 0.3%. The data may reflect consumers anticipating purchases to get ahead of tariffs.
Industrial production data are due at 9:15 a.m. ET. Fed Chair Powell has a speech at 1:30 p.m. and investors will likely watch for hints on how tariffs might be affecting interest rate decisions.