Treasury Prices End Lower

Investors took in news about the consumer price index, retail sales, and industrial production

MARKETSCOPE : Treasury bond prices fell in a volatile session on Friday, as the market digested a series of economic data releases.

The 10-year note eased 03/32 to 98-06/32 for a yield of 4.48%, while the 30-year bond fell 04/32 to 109-29/32 for a yield of 4.70%. The 10-year note yield reached its highest since April 1, 2005 but pulled back to finish the day little changed from Thursday.

The core September Consumer Price Index, which excludes energy and food, rose only 0.1% -- the same as in August. Still, the overall CPI rose 1.2%, up from 0.5 % in August, as energy prices surged 12.0% due to supply shortages related to Hurricanes Katrina and Rita. The August CPI rose 0.5% as energy prices rose 5.0%.

U.S. Retail Sales rose 0.2% in September after falling 1.9% in August, which was revised from -2.1%. Real Earnings fell 1.2% in September after sliding 0.5% in August.

September Industrial Production plunged 1.3%, the largest decrease since 1.9% in January 1982. The University of Michigan's Consumer Sentiment Index fell to 75.4 in mid-October from 76.9 in September. U.S. Business Inventories rose 0.4% in August from a 0.4% decline in July, which was revised from -0.5%.

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