10-Year Yield Flat as Weak Sales Cloud Fed Hike Bets
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- 10-year Treasury yield was little changed after weak retail sales data, per CNBC
- Bond traders are split on a September Fed rate hike following the latest CPI print, with rate-hike odds falling after Amazon Prime Day timing depressed retail sales figures, per Bloomberg and Investor's Business Daily
Why it matters: The split between stable US 10-year yields and climbing global yields shows inflation fears (WSJ) are still pulling opposite to soft US demand signals, leaving the Fed's September path genuinely uncertain — fixed-income traders now face a genuine coin-toss call on whether the next move is a hike or a hold.
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