TREASURIES -Yields fall after weak producer prices, retail sales data

NEW YORK, May 15 (Reuters) - U.S. Treasury yields slid after data showed a drop in producer prices last month and a mixed report on retail sales, suggesting that the Federal Reserve was on track to cut interest rates at least twice this year.

Benchmark 10-year yields fell to session lows of 4.493% US10YT=RR and were last down 2.5 basis points at 4.502%.

The U.S. two-year yield also dropped after the data, down 5.9 bps at 3.994% US2YT=RR.