TREASURIES-10-yr yields hit nine-month high before US retail sales

“Core inflation is going to creep lower and it’s going to make it hard for the Fed to keep tightening,” said Tom di Galoma, managing director and co-head of global rates trading at BTIG in New York. The Fed will release minutes from its July 25-26 meeting on Wednesday. Benchmark 10-year yields hit 4.215%, the highest since Nov. 8, before falling back to 4.182%, up 1 basis point on the day.