MW: Treasurys fall after euro-zone PMI, before auction
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices fell alongside German bunds Wednesday after the release of the euro-zone PMI figures, a gauge of business activity that surprised to the upside. The 10-year Treasury note 10_YEAR +2.63% yield, which moves inversely to price, rose 5 basis points to 2.559%, while the 30-year bond 30_YEAR +1.54% yield rose 5.5 basis points to 3.634%. The 10-year bund BX:TMBMKDE-10Y +5.60% yield, meanwhile, rose 8 basis points to 1.628%, according to Tradeweb. The U.S. 5-year note 5_YEAR +3.89% yield rose 5.5 basis points to 1.365% ahead of an auction of $35 billion of the notes at 1 p.m. U.S. data on tap Wednesday include new home sales and the PMI manufacturing index.
