TREASURIES-U.S. 10-year yields retreat slightly after April CPI release

NEW YORK, May 13 (Reuters) - U.S. 10-year Treasury yields fell slightly on Tuesday after April's Consumer Price Index numbers were below forecast, showing a moderate immediate impact of the Trump administration's sharp import tariff rises announced early last month.

The 10-year yield fell from 4.455% minutes before the release to 4.429% US10YT=RR and was last at 4.443%. Two-year Treasury yields also retreated slightly from 3.99% before the CPI release to 3.975%.

Analysts noted that even as the headline number was below forecast, some specific goods showed high price increases.

“The report basically indicates that the Fed needs to be very cautious and that the stand that they have taken is probably the right course, for now,” said Brian Jacobsen, chief economist at Annex Wealth Management.