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[$$] U.S. Bond Yields Jump to Fresh Highs on Retail Sales

Bets on the U.S. economy gaining momentum sent investors fleeing from government bonds, driving the yield on the benchmark 10-year Treasury note to levels it last touched nearly seven years ago. The latest wave of selling began early Tuesday, when data from the Commerce Department showed American consumers ramped up spending for everything from food to clothing to gasoline in April. Together, the reports showed the U.S. economy picking up steam, helping ease recent fears among investors that momentum could be fading in the second-longest economic expansion in U.S. history. Charlie Riedel/Associated Press Jesus Reyes pushes a television down an aisle as he shops at a Black Friday sale at a Best Buy store in Overland Park, Kan.