Treasuries rise as consumer prices miss Fed's forecast

U.S. Treasuries increased on Thursday session after a government report showed that consumer prices in the country advanced 1.5% last year compared to the Federal Reserve's target of 2%. The benchmark 10-year government yield dropped four basis points to 2.86% as of 8:36 a.m. in New York and the price has risen from last year's lowest level of 1.61% recorded in May.