US treasury prices climbed, pushing yields lower from session highs after release of weak March retail sales and producer price index (PPI) figures. The 10-yr yield dropped to 1.765% before recovering to 1.79%. The 2-yr yield, which mimics short-term rate hike bets, also dropped to 0.73% before recovering to 0.754%. Retail sales dropped by 0.3% in March from the month prior, compared to expectations of a 0.1% increase. Producer prices fell in February on lower energy and food costs, but prices were unchanged from a year ago. However, previous month’s retail sales figure was revised higher and that seems to have supported the yields. For more information, read our latest forex news.