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August 14, 2026 - The Consumer Cracks as Treasury Yields Surge
The U.S. consumer just flashed a warning—and the bond market delivered an even more troubling signal. Retail sales slumped sharply, yet Treasury yields reversed higher, defying the familiar “bad news is good news” market playbook.
In this episode of Market Pulse, we examine why weakening consumption failed to produce a sustained bond rally, how rising oil prices and renewed geopolitical pressure are keeping inflation risk alive, and why fiscal concerns and heavy government borrowing may now be overpowering softer economic data.
We also break down the retreat from record highs in U.S…
The skinny
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