Treasurys up on IMF, Europe news
SAN FRANCISCO (MarketWatch) -- Treasury prices rose on Tuesday, pushing yields down, as more worldwide reports of slowing growth -- this time from the International Monetary Fund -- and protests in Greece made traders more skittish about riskier assets. Bond yields came off their lows along with U.S. stock futures. The major event on Tuesday will be the Treasury Department's sale of 3-year notes 3_YEAR -2.27% , the first of three big auctions this week. Yields on 10-year notes 10_YEAR -1.43% , which move inversely to prices, fell 2 basis points to 1.72%. "Treasurys were reasonably well bid overnight on an array of negative European headlines and a downgrade of the IMF's global growth outlook," said bond strategists at CRT Capital Group.
