TREASURIES-Yields rise on strong retail sales, before 20-year auction - NewsBreak

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By Bryan in Business
Updated 2 years ago

(Adds data, Fed speakers, updates prices) By Karen Brettell NEW YORK, Nov 16 (Reuters) - U.S. Treasury yields rose on Tuesday in choppy trading after data showed that U.S. retail sales increased more than expected in October and before the U.S. Treasury's sale of 20-year bonds on Wednesday. The retail gains came as Americans eagerly started their holiday shopping early to avoid empty shelves amid shortages of some goods, giving the economy a lift at the start of the fourth quarter. Retail sales surged 1.7% last month, the Commerce Department said. Data for September was revised higher to show retail sales increased 0.8% instead of 0.7% as previously reported. Sales have now risen for three straight months. The data is "continuing to suggest the economy is recovering quite quickly, and leaning against the Fed's notion that inflation may be transitory," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. A separate report showed that production at U.S. facto

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