U.S. Treasuries mixed start with long bond early weakness while shorter tenors closer to flat lines after a quiet night in the futures market.
Overnight action saw the release of data, including better than expected retail sales from Japan and Australia and below-consensus industrial production from Japan.
In Europe, flash February inflation readings from France and Spain were hotter than expected, which is solidifying expectations for a 50 bps March hike from the European Central Bank.
Crude oil is rising back to its 50-day moving average (77.63)
U.S. Dollar Index is little changed at 104.67.
Yields:
2-yr: UNCH at 4.80%
3-yr: UNCH at 4.51%
5-yr: UNCH at 4.17%
10-yr: +1 bp to 3.93%
30-yr: +2 bps to 3.94%