By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) -- Short-term Treasury prices edged down on Tuesday as traders focused on the euro's tentative rebound from a 4-year low.
Yields on 2-year notes (UST2YR 0.81, +0.01, +0.99%) , rose 1 basis point to 0.81%.
Bond yields move inversely to prices and a basis point is 0.01%.
Yields on 10-year notes (UST10Y 3.47, -0.02, -0.54%) declined 2 basis point to 3.49%.
"Our outlook is to trade the broad 3.4% to 3.6% range until the euro crisis is abated," said Tom di Galoma, head of U.S. rates trading at Guggenheim Partners.
"Focus today will continue to be stock market direction and the euro but we do feel both may be pulling out the woods."
U.S. stock futures pointed to a higher opening on Wall Street.
While expected, the big news of the day is that Greece's Finance Ministry received 14.5 billion euros ($18.4 billion) in bilateral loans from fellow euro-zone countries via the European Commission.
The funds come on top of the €5.5 billion already received from the International Monetary Fund and will ensure that Greece meets a €19 billion refunding commitment on Wednesday. Read about euro, Greece.
Bonds showed little reaction to a pair of reports which showed U.S. producer prices fell 0.1% in April and housing starts rose 5.8% to a 672,000 rate. Read about housing starts. Read about PPI.
