MW: Dollar, Treasurys stay up after GDP revised down
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar rose versus the euro and Treasury prices held onto small gains on Friday after the U.S. released revised data showing its economy grew 2.7% in the first quarter, down from the previous estimate of 3%. "The past few trading sessions have seen risky assets across markets underperform as investors have flocked to the safe haven of the U.S. dollar and U.S. Treasurys," said strategists at Barclays Capital. "The market is clearly nervous." The euro (CUR_EURUSD 1.2296, -0.0030, -0.2434%) fell to $1.2292, compared with $1.2333 in late North American trading on Thursday. The dollar index (DXY 85.76, +0.02, +0.03%) , which tracks the U.S. unit against six major counterparts, rose to 85.861 from 85.730 late Thursday. Yields on 10-year Treasury notes (UST10Y 3.16, +0.02, +0.70%) , which move inversely to prices, fell 2 basis points to 3.13%, near the lowest level in more than a year.
