MW: Treasurys flat after tame retail inflation data
By Greg Morcroft, MarketWatch
NEW YORK (MarketWatch) — U.S. Treasury securities traded flat on Friday morning, unmoved from recent-low yields by government data showing tame retail inflation.
U.S. consumer prices were unchanged in November, mainly because of declining energy costs, the Labor Department said. Stripping out volatile food and energy inputs, core prices rose a seasonally adjusted 0.2%, however.
Economists surveyed by MarketWatch had forecast CPI to be unchanged overall, with a 0.1% increase pegged for the core rate. Read more on U.S. retail-level inflation for November.
Yields on benchmark 10-year notes 10_YEAR -1.26% fell 1 basis point to 1.90%.
Bond prices move inversely their yields. A basis point is one one-hundredth of a percentage point.
On Thursday, the 10-year note touched 1.86%, its lowest level since early October.
The yield on the 30-year bond 30_YEAR -0.79% was unchanged at 2.92%, right where it was before the CPI data.
