(Bloomberg) -- Treasuries rose after a government report showed retail sales in the U.S. fell in April for the first time in seven months.
The data may lead traders to resume betting the Federal Reserve will cut interest rates this year as segments of the economy, including consumer spending and housing, show weakness. U.S. securities gained for a second day as a slump in global equity markets stoked demand for the safest assets. Benchmark 10- year notes are poised to increase for a second straight week.
Read more at Bloomberg Bonds News
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