MW: Treasurys swing higher after retail sales, claims
By Ben Eisen
NEW YORK (MarketWatch) -- Benchmark Treasury prices swung higher Thursday after data on retail sales and jobless claims missed analyst forecasts. Headline retail sales rose 0.3% in May, below the consensus estimate of 0.7%, but April numbers were also revised higher. Weekly claims rose by 4,000 to 317,000, more than the 310,000 expected by economists. After the data, the 10-year note 10_YEAR -0.30% yield, which falls as prices rise, was down half a basis point on the day at 2.635%, according to Tradeweb. The 5-year note 5_YEAR -0.71% yield rose slightly to 1.698%, and the 30-year bond 30_YEAR -0.12% yield was down half a basis point at 3.466%. The Treasury Department will sell $13 billion of 30-year bonds at 1 p.m. Eastern.
