Mixed Economic Data Keeps Treasury Yields Steady, Despite Bond Swoon

U.S. Treasury yields remained relatively unchanged as investors analyzed mixed economic data, including higher-than-expected retail sales in July but a significant drop in manufacturing activity in the New York area. Weak economic data from China also contributed to market concerns. The release of the Federal Reserve's meeting minutes on Wednesday will be closely watched for insights into the central bank's expectations for the economy and interest rates, as there have been conflicting signals about further rate hikes.