Bonds up on weak retail, manufacturing
Long term bond rises a full point after data show signs of weakness in major sectors.
NEW YORK (Reuters) -- Bond prices rose on Monday, sending 30-year bonds up a point, after data showed signs of weakness in underlying retail sales and regional manufacturing.
U.S. retail sales rose a brisk 1.4% last month but were much less impressive once autos were stripped out, while September's data was revised to show a larger drop overall than earlier reported.
Combined with a separate report showing much weaker growth than was expected in New York State manufacturing, the data supported earlier bond market gains, which came in sympathy will rallying euro zone government debt.
"The Empire State manufacturing data came in weaker than expected. It will be volatile, a choppy ride as we recover. The Treasury market had seen a bid from early morning and has rallied on this news," said Sean Simko, fixed-income portfolio manager at SEI in Oaks, Penn.
"The retail sales data was definitely positive for October, but the revision for the prior month neutralizes the impact. I think we are moving in the right direction, but it's not a straight line higher."
The 30-year Treasury bond was last up 31/32, yielding 4.3% versus Friday's close of 4.36%.
The benchmark 10-year note gained 9/32 to yield 3.39% versus Friday's close of 3.42%. 
