MW: Treasury yields, dollar lower after Empire index
NEW YORK (MarketWatch) -- Treasury prices stayed higher and the dollar lost ground against the Japanese yen on Monday after the New York Federal Reserve Bank's Empire State Manufacturing index rose to 7.1 in August from 5.1 in July, a smaller improvement than many analysts expected. The data added to a weak economic report out of Japan that fueled worries over the global economy and had investors buying assets perceived as safer. Yields on 10-year notes (UST10Y 2.63, -0.05, -1.94%) , which move inversely to prices, fell 6 basis points to 3.62% after touching the lowest since March 2009.
The U.S. dollar fell versus the Japanese unit, to trade at ¥85.33, down from ¥86.26 Friday. The dollar index (DXY 82.36, -0.59, -0.71%) , a measure of the greenback against a trade-weighted basket of major currencies, traded at 82.338, down from 82.474 before the data and compared to 82.371 late Friday.
