Markets & Finance

Treasury Prices Fall

MARKETSCOPE: Treasury bond prices were falling on Monday, after news about home sales and manufacturing.

The 10-year note fell 06/32 to 94-03/32 for a yield of 4.87%. The 30-year bond also fell 06/32, finishing at 93-23/32 for a yield of 4.90%. This compares with a 22/32 drop in the two-year note to 99-18/32 for a yield of 4.85%.

U.S. Pending Home Sales fell 0.8% in February to a 117.7 index level from a revised 0.9% increase in January, or a 118.6 index (-1.1% previously).

A report said that the U.S. Institute for Supply Management Manufacturing index slipped to a lower than expected 55.2 level in March from 56.7 in February. This is still a healthy pace although economic activity seesawed in the first quarter.

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