MW: Treasurys slightly higher before confidence data
Treasurys made small gains Tuesday ahead of reports expected to show consumers remain wary of the economic future as home prices and manufacturing weaken. The advance pushed two-year note yields , which move in the opposite direction of prices, down 1 basis point to 0.77%. Consumer confidence may improve slightly due to falling gas prices easing pressure on consumers. Economists surveyed by MarketWatch expect the private index to read 45.8 for December, up from 44.9 last month. Data on home prices and regional reports on manufacturing activity around Chicago and Kansas City are also expected.
