MW: Treasurys, dollar up after new home sales data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices and the dollar extended gains on Wednesday after a report said new home sales dropped 33% in May to a record-low pace of 300,000. Yields on 10-year notes (UST10Y 3.14, -0.03, -0.85%) , which move inversely to prices, fell 5 basis points to 3.12%, the lowest level in a month. The dollar index (DXY 86.40, +0.30, +0.34%) , which tracks the U.S. unit against six major counterparts, rose to 86.393 from 86.079 in late North American trading Tuesday. The euro (CUR_EURUSD 1.2210, -0.0052, -0.4241%) fell to $1.2214 from $1.2273.
