MW: Treasurys give up gains after trade deficit grows
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices slipped modestly in early trading on Tuesday, pushing yields up, after the government said the U.S. trade deficit widened to $42.3 billion in May. Yields on 10-year notes (UST10Y 3.08, +0.02, +0.52%) , which move inversely to prices, rose 1 basis point to 3.08%. Economists surveyed by MarketWatch expected the trade deficit to shrink to $38.8 billion from $40.3 billion in April.
