Treasury prices rose on Wednesday after a government report said retail sales dropped 2.7% in December, far more than expected. Ten-year note yields slid 5 basis points to 2.25%. Economists surveyed by MarketWatch forecast sales would decline 1.5% last month. Excluding autos, sales fell 3.1%, compared to an anticipated 1.6% decline. A separate report showed import prices fell 4.2% last month, mostly due to oil prices.
