MW: Dollar, Treasury yields rise more after U.S. data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices extended a decline and the dollar added to gains on Monday after a report showing U.S. consumer spending rose 0.7% in February, a faster pace than some analysts expected. Personal incomes rose at a slower rate than analysts expected. The dollar index (DXY 76.12, -0.10, -0.13%) , which measures the U.S. unit against a basket of major currencies, rose to 76.402, from 76.316 earlier and compared with 76.242 in North American trade late Friday. The euro (EURUSD 1.4093, +0.0047, +0.3346%) slipped to $1.4033, from $1.4047 earlier and versus $1.4068 Friday. Yields on 10-year notes (UST10Y 3.47, +0.03, +0.99%) , which move inversely to prices, rose 4 basis points to 3.48%, after trading at 3.46% before the data. Still to come is data on pending home sales, a Federal Reserve buyback and two Fed speakers and the Treasurys first major note auction of the week.
