Treasuries rose, with 10-year yields reaching an almost four-week low, as Federal Reserve minutes damped bets policy makers were considering accelerated interest-rate increases and a decline in Chinese exports boosted safety demand.
Treasuries rose for the first time in four days on speculation a withdrawal of stimulus by the Federal Reserve may hurt weakening emerging economies, stoking demand for the safety of U.S. government debt.
Treasuries rose for the first time in three days as U.S. retail sales unexpectedly fell in January by the most since June 2012 and initial claims for jobless benefits rose more than forecast last week.
Treasuries declined, with 10-year yields climbing from a two-month low, before the U.S. auctions $64 billion of debt, the first time it will conduct two fixed- coupon debt sales in a single day since October 2008.
Treasury notes slid for a second day, pushing 10-year yields to a three-month high, on bets the Fed will conclude its bond-buying program by the end of next year as it steadily reduces purchases amid economic improvement.