February 12, 2016
A Treasury market rally faltered after the benchmark bond yield fell to the lowest in three-and-a-half years without breaking the all-time level set in 2012.
Retail sales increased for a third straight month in January as Americans kicked off 2016 by spending freely on cars, clothing and online merchandise. The 0.2 percent gain matched the previous month's advance that was initially reported as a decline.
U.S. stocks halted a five-day slide that dragged global equities into a bear market, as oil rebounded from a 12-year low, bank shares surged and data showed resilience among American consumers. Treasuries declined with the yen.
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