MW: Treasurys rebound on weak April home-builder data
By Sue Chang
SAN FRANCISCO (MarketWatch) -- Treasury prices recovered and yields fell on Monday as home-builder sentiment weakened in April for the first time in seven months. Yields on 10-year notes 10_YEAR -1.41% , which had earlier gained slightly, slipped 3 basis points to 1.96%. The National Association of Home Builders/Wells Fargo housing market index declined 3 points to a seasonally adjusted 25 in April. Economists polled by MarketWatch had projected a reading of 28 on a scale of 0 to 100.
