By Victor Reklaitis, MarketWatch
NEW YORK (MarketWatch) -- Treasury prices on Tuesday showed little change from levels seen in late-afternoon trade on Monday, after the latest readings on inflation matched expectations.
The 10-year Treasury note 10_YEAR -0.04% yield, which moves inversely to price, dipped 1 basis point to 2.534%. It had show a bigger decline before the inflation report, nearing 2.51%, but then recovered, according to FactSet data.
The 30-year bond 30_YEAR -0.03% held steady at 3.596%, while the 5-year note 5_YEAR -0.07% yield edged down less than 1 basis point to 1.367%.
U.S. consumer prices rose a seasonally adjusted 0.5% in June, the Labor Department said. The core CPI, which excludes volatile food and energy costs, inched up 0.2%. Economists surveyed by MarketWatch had expected a 0.5% increase in the broad CPI and a 0.2 % gain in the core rate.
At 10 a.m. Eastern, the National Association of Home Builders releases its housing market index, which is seen holding at 52. A reading above 50 indicates that builders are optimistic.
Some market watchers have said the reaction to Tuesday’s economic reports could be muted, as the market waits for comments on Wednesday from Federal Reserve Chairman Ben Bernanke. The Fed chief will deliver his semiannual testimony to Congress.
U.S. stock futures were little changed on Tuesday, as earnings reports came in mixed.
Victor Reklaitis is a New York-based markets writer for MarketWatch. Follow him on Twitter @VicRek.
