Stocks mixed, dollar falls on Fed rate bets, but yields rise | live
By Karen Brettell NEW YORK, Aug 17 (Reuters) - U.S. stocks were mixed on Monday and the dollar fell to its lowest level since June, after a run of soft U.S. economic data, including an unexpected drop in retail sales, led markets to scale back bets on an imminent Fed rate move. Thirty-year Treasury yields, meanwhile, climbed to their highest level since 2007, as concerns over the U.S. fiscal trajectory combined with heavy AI-related corporate debt issuance to push yields higher.
By Karen Brettell NEW YORK, Aug 17 (Reuters) - U.S. stocks were mixed on Monday and the dollar fell to its lowest level since June, after a run of soft U.S. economic data, including an unexpected drop in retail sales, led markets to scale back bets on an imminent Fed rate move. Thirty-year Treasury yields, meanwhile, climbed to their highest level since 2007, as concerns over the U.S. fiscal trajectory combined with heavy AI-related corporate debt issuance to push yields higher.
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