The federal bonds are expected to drop on Thursday from the previous session's one-month closing low, after US government bond prices were pounded on strong data. US Five, 10 and 30-year yields rose their most in a month after retail sales data far exceeded expectations, trimming back expectations of a Federal Reserve rate cut. Benchmark 10-year notes yield rose to 4.57 per cent on Wednesday from 4.49 per cent late on Tuesday.
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