U.S. government debt prices rose on Thursday as investors sought safety following disappointing retail sales data.
The 10-year Treasury note yield fell to 2.64 percent, while the 2-year rate dropped to 2.489 percent. Bond yields move inversely to prices.
Retail sales fell 1.2 percent in December, marking their biggest monthly drop since September 2009, according to The Commerce Department. The department also said retail sales fell 0.9 percent in December when excluding gasoline station sales.