NEW YORK (MarketWatch) -- Treasurys fell Tuesday, reversing the prior session's gains, as the equity and commodity markets staged a rebound. Investors in the safe-haven debt demanded extra yield as the attractiveness of stocks and gold increased, with the 10-year benchmark note 10_YEAR +2.97% yielding 4 basis points more at 1.728%. Yield moves inversely to prices and 1 basis point is equal to 1/100 of 1%. The 30-year bond 30_YEAR +2.03% is yielding 2.91%, up 5.5 basis points, while the 5-year note 5_YEAR +3.83% has increased yield 2 basis points to 0.702%. The release of mixed U.S. economic data Tuesday morning failed to stem the pricing losses. The Labor Department said that consumer inflation decreased 0.2%, a larger drop than the 0.1% decrease that analysts expected. The Department of Commerce said Tuesday that housing starts hit the highest rate in nearly five years, above consensus estimates.
