MW: Treasurys head south, dollar edged up after data
By Deborah Levine
SAN FRANCISCO (MarketWatch) -- The dollar turned up and Treasury prices resumed a small decline on Tuesday after a report showed U.S. housing starts unexpectedly rose to a 894,000 pace last month. The dollar index DXY -0.22% , which measures the greenback's performance against a basket of six major currencies, turned up slightly to 80.886, reclaiming a gain before the data and versus 80.854 in late North American trade Monday. The euro traded at $1.2813 compared with $1.2816 Monday. Yields on 10-year notes 10_YEAR +0.50% , which move inversely to prices, rose 1 basis point to 1.63%. Traders will tune into a speech by Federal Reserve Chairman Ben Bernanke to see whether he offers clues on what the central bank will do when it meets next month, shortly before its Treasury-related program is scheduled to end.
