(Bloomberg) -- Treasuries were little changed as a
Commerce Department report showed purchases of new homes dropped
in May and a private index of consumer confidence declined this
month to the lowest level since August.
Benchmark 10-year note yields rose less than 1 basis point,
or 0.01 percentage point, to 5.09 percent at 10:05 a.m. in New
York, according to bond broker Cantor Fitzgerald LP. Yields,
which move inversely to the note's price, touched 5.327 percent
on June 13, the highest since April 2002. The price of 4 1/2
percent securities due in May 2017 fell 1/32, or 31 cents per
$1,000 face amount, to 95 15/32.
Read more at Bloomberg Bonds News
Commerce Department report showed purchases of new homes dropped
in May and a private index of consumer confidence declined this
month to the lowest level since August.
Benchmark 10-year note yields rose less than 1 basis point,
or 0.01 percentage point, to 5.09 percent at 10:05 a.m. in New
York, according to bond broker Cantor Fitzgerald LP. Yields,
which move inversely to the note's price, touched 5.327 percent
on June 13, the highest since April 2002. The price of 4 1/2
percent securities due in May 2017 fell 1/32, or 31 cents per
$1,000 face amount, to 95 15/32.
Read more at Bloomberg Bonds News
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