U.S. 10-year Treasury yields reached a five-year high as traders stepped up bets the economy is strong enough to keep the Federal Reserve from cutting interest rates this year.

The price of the benchmark 10-year note, which moves inversely to the yield, dropped a sixth straight week, the longest slide since 2005. A government report on June 13 showed retail sales rose by the most in more than a year in May, easing concern that falling home values will crimp consumer spending.

(Bloomberg News)