Treasury prices fell slightly early Tuesday after data showed wholesale prices rose less than forecast and housing starts surged. Ten-year note yields increased 1 basis point to 2.97%, after being slightly lower before the data. Most of traders' attention was on equities and the Federal Reserve's two-day meeting starting Tuesday. Producer prices rose 0.1%, while economists surveyed by MarketWatch predicted prices would increase 0.4%. Excluding food and energy, wholesale prices increased 0.2%, more than expected. Housing starts surged in February due to a jump in construction of apartment buildings. Starts increased to a seasonally adjusted annual rate of 583,000, while economists expected a decline to 456,000.
