Treasury Action: yields plunged with the weaker data streak Treasury Action: yields plunged with the weaker data streak extended today after the plunge in housing starts, modest rise in jobless claims and tame core CPI. The T-note yield stalled out ahead of 1.96% into these reports, then spilled lower to 1.90% before stabilizing again. The 2s-10s spread flattened from the +172 bp area to +166 bp.