MW: Treasurys erase gains as retail sales rise 1.1%
By Saumya Vaishampayan
NEW YORK (MarketWatch) -- Treasurys erased Tuesday's gains on Wednesday, pushing yields higher, as February's retail sales rose the most in five months. Retail sales increased 1.1% on a seasonally adjusted basis, or by 1.0% without the auto sector. Yields on the benchmark 10-year U.S. Treasury note 10_YEAR +0.94% rose 2 basis points to 2.04% in morning trade. Yields move inversely to prices and one basis point is one one-hundredth of a percentage point.
