MW: Treasurys slip as stocks gain on European data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices fell slightly on Tuesday, pushing yields up, after positive European and Chinese manufacturing data buoyed stocks and the euro, reducing investors' interest in the relative safety of U.S. debt. Yields on 10-year notes 10_YEAR +0.99% , which move inversely to prices, rose 1 basis point to 2.14%. They rose as high as 2.17% after Europe's data. "A lack of a continued fall and simple stability in the manufacturing sector has markets buoyant this morning, and money is moving out of Treasurys," said John Briggs, a bond strategist at RBS Securities. Still to come is data on new home sales and the government's sale of 2-year notes 2_YEAR +3.74% at nearly the lowest yield in history.
