NEW YORK (MarketWatch) -- Treasurys remained higher on Wednesday after a pair of government reports said consumer prices dropped the most ever and housing starts fell to a record low in October. Ten-year note yields fell by 8 basis points to 3.45%, the lowest since Oct. 6. The consumer price index declined 1%, compared to the median estimate of economists surveyed by MarketWatch for a 0.9% drop. Excluding food and energy, prices declined 0.1%, far from the 0.1% increase anticipated. A separate report showed builders broke ground on homes at a 791,000 annual rate, slowing 4.5%. Treasurys have gained for two days as economic data pointed to the economy slamming on the brakes while the risks of inflation recede. The Federal Reserve will release the minutes from both of its October meetings later in the day, and two Fed officials are due to speak.
