MW: Treasurys fall after retail sales, jobless claims
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices fell after a modest rebound in economic data. Retail sales climbed 0.3% in February, beating economist expectations of a 0.2% rise. Import prices rose 0.9% in February, mostly due to a rise in fuel costs. And jobless claims dropped 9,000 to a 3-month low of 315,000, beating economist expectations of a rise to 330,000. After the data, the 10-year Treasury note, 10_YEAR +0.51% yield, which rises as prices fall, was up 2 basis points at 2.746%. The 30-year bond 30_YEAR +0.08% yield rose 1.5 basis points to 3.684%, and the 5-year note 5_YEAR +0.81% yield rose 2 basis points to 1.607%. The Treasury Department will auction $13 billion in 30-year bonds at 1 p.m. Eastern.
