MW: Treasurys pare loss; dollar pulls back after ISM
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Treasury prices pared their losses and the U.S. dollar stayed a bit higher on Tuesday after the Institute for Supply Management reported that its manufacturing index fell to 49.6% in August from 49.8% in July. Economists polled by MarketWatch expected a climb to 50.2%. Following the data, yields on 10-year notes 10_YEAR +0.51% , which move inversely to prices, rose 1 basis point to 1.56%. They were trading at 1.58% before the ISM data. The dollar index DXY -0.01% , which tracks the U.S. currency against six rivals, traded at 81.244 from 81.208 late Monday in North American trading, and from around 81.300 before the data. The euro EURUSD -0.0845% bought $1.2576, versus $1.2595 Monday and $1.2574 before the ISM figures.
