Benchmark 10-year U.S. Treasury yields hit an almost 10-month high on Tuesday before quickly dipping, after data showed July retail sales rose more than expected. Retail sales jumped 0.7% last month, above the 0.4% forecast. June data was revised higher to show sales rising 0.3% instead of the previously reported 0.2%. Americans boosted online purchases and dined out more, suggesting the U.S. economy continues to expand and putting recession fears at bay. Resilient U.S. data has also boosted expectations that the Federal Reserve may hold rates higher for longer to bring inflation down closer to its 2% annual target. ... (full story)