Treasury yields drop, dollar index dips after weak U.S. data

Treasury yields fell and the dollar index slipped on Friday following a stabilization in European government bonds and another batch of weak U.S. economic data that raised expectations the Federal Reserve will need to wait longer to raise interest rates. U.S. stocks were little changed after a rally Thursday that pushed the S&P 500 to a record high close. The reports follow weak retail sales and producer inflation data this week, suggesting the Federal Reserve will probably not raise interes