(Reuters) - NEW YORK, April 24 - A report that showed a steep decline in U.S. sales of existing homes pushed prices on U.S. Treasury debt higher on Tuesday and sent benchmark 10-year yields falling to their lowest in April.
The data, together with a softer-than-expected report on consumer confidence, exacerbated concerns about the effect of a weak housing sector on consumer spending. It supported the view that the Federal Reserve would pare short-term interest rates later this year to stimulate economic growth.
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