MW: Treasurys, dollar fall more after ISM, home data
By Deborah Levine
NEW YORK (Marketwatch) -- The dollar extended a decline and Treasury prices remained under pressure on Monday after the Institute for Supply Management said its index on the services sector of the U.S. economy jumped to 55.4 in March, up from 53 in February. Analysts polled by MarketWatch had expected the index to rise to 54. Separately, a report said pending home sales rose 8.2% in February. Yields on 10-year notes (UST10Y 3.96, +0.03, +0.81%) , which move inversely to prices, rose 2 basis points to 3.96%, the highest level since October 2008. The dollar index (DXY 81.04, -0.08, -0.10%) , which measures the greenback against a basket of six major currencies, declined to 80.964, compared with 81.280 in late North American trading Friday.
