Treasury 10-Year Yields Reach Seven-Week High on Growth

Treasury 10-year yields reached the highest level in almost seven weeks after a report showed U.S. retail sales unexpectedly increased in April, renewing optimism central-bank efforts to spur economic growth are working.

U.S. 10-year benchmark yields rose for a third day as European policy makers expressed a willingness to consider more ways to spur growth following weekend talks of the Group of Seven. A report May 17 is forecast to show consumer sentiment in May climbed to the highest level this year.