MW: Treasurys hold gains after housing, inflation data
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices traded higher Tuesday after data showed a dip in housing starts and a slight rise in consumer prices. Construction of new homes fell by 0.2% in February, but 7.7% more permits were filed to start new projects in the coming months. Consumer prices rose by a seasonally adjusted 0.1% in February due to higher food and housing costs. After the data, the benchmark 10-year note 10_YEAR -0.15% yield, which falls as prices rise, was down half a basis point at 2.692%. The 30-year bond 30_YEAR -0.06% yield fell slightly to 3.628% and the 5-year note 5_YEAR -0.19% yield slipped half a basis point to 1.567%.
