Treasuries were lower across the board Thursday afternoon as bond traders had to deal with a mixed bag of economic data.
Reports from the U.S. government revealed that fewer people than expected filed first time jobless claims last week, but retail sales for November came in below analysts' projections. Separately, the producer price index showed that wholesale prices fell 0.6% last month, against expectations of a 0.3% decline, while the core index, which excludes food and energy items, rose 0.2%. Economists were looking for the core reading to climb 0.1%.
The two-year note was losing 8/32 to 99 26/32, yielding 3.10%, and the five-year was off 16/32 to 96 2/32 to yield 4.40%. The 10-year Treasury was lower by 26/32 to 99 5/32, yielding 5.11%, and the 30-year bond was down a point at 97 17/32, yielding 5.55%.