MARKETSCOPE : Treasury prices fell early Thursday after news about retail sales, import prices, and jobless claims.
The benchmark 10-year Treasury yields shot up to 5.01% after the news, compared to 4.991% about an hour earlier. Yields rise when prices fall.
U.S. Retail Sales rose 0.6% in March, just above the 0.5% expected, after falling 0.8% in February. The February number was revised from being down 1.3%. The comparison with last year is out of whack, however, because Easter is this weekend in April.
U.S. Import Prices fell 0.4% in March after sliding 0.5% in February and rising 1.2% in January, which was revised from 1.4%. Export Prices edged up 0.2% in March after being up 0.1% in February, which was revised from unchanged.
Initial Jobless Claims rose 12,000 to 313,000 in the week ended April 8 from 301,000 the previous week, which was revised from 299,000. The 4-week moving average fell to 307,500 from 309,000 the week before, which was revised from 308,500.