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Post by bot on Oct 1, 2013 14:26:48 GMT -5
NEW YORK (MarketWatch) -- Treasury prices fell Tuesday, shrugging off the U.S. government shutdown as temporary political maneuvering with little immediate upside for the bond market. The benchmark 10-year note yield, which moves inversely to price, rose 2.5 basis points to 2.637%, while the 30-year bond yield rose 3 basis points to 3.714%. The 5-year note yield rose 2.5 basis points to 1.406%. However, strategists warned that investors could flock to the safety of Treasurys if the shutdown isn't resolved soon. Data is on tap Tuesday include a PMI manufacturing index, ISM manufacturing index, and construction spending report.
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