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Treasuries rally, dollar falls after retail sales, inflation data

Treasury prices jumped, while the dollar fell, after reports showed the rate of US inflation at the consumer level cooled last month and retail sales badly missed estimates.

The yield on the 10-year Treasury note, which moves in the opposite direction of the price, fell 3.75 bps (0.0375 percentage points) to 2.307 per cent after the release of the data. The more policy-sensitive two-year yield slipped 2.4 bps to 1.339 per cent.

Meanwhile, the buck slipped 0.6 per cent against the Japanese yen to Y112.6, sitting near the lows of the day. The euro extended its gains on the greenback, climbing 0.38 per cent to $1.1442, with the pound advancing 0.41 per cent to $1.2993.