1012 ET - Treasury yields give back some of their sharp increases after fresh data indicates weakness in the U.S. economy. July housing starts fall 12.4%, deeper than the 6.1% shrinkage expected by forecasters surveyed by WSJ. July industrial production expands by 0.2%, versus expectations of 0.4%. Yields had been rising on concerns over the long-term stability of a heavily indebted government. Increasing supply of bonds issued by AI corporations also boosts yields. The 30-year Treasury yield remains high, at 5.314%, but lower than an intraday peak of 5.337%. The 10-year slips to 4.728% from 4.748% and the two-year is down to 4.179% from 4.20%.
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