Treasury yields are tumbling after disappointing retail sales and CPI data

The US Treasury complex is surging after both retail sales and CPI fell short of estimates. Post-data buying has yields down almost 9 basis points in the belly of the curve.
Retail sales fell 0.3% month-over-month in May, missing the flat reading that was anticipated.
Additionally, CPI fell 0.1% MoM and rose 1.9% on year-over-year basis. Here's a look at the scoreboard as of 9:22 a.m. ET:
2-year -6.5 bps at 1.299%
3-year -7.5 bps at 1.433%
5-year -8.6 bps at 1.695%
7-year -8.4 bps at 1