MW: Treasury prices slip ahead of big week for data
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices fell Monday ahead of an onslaught of data that investors largely expect to show a rebound in economic growth after a cold winter blamed for restraining activity. The benchmark 10-year note 10_YEAR +0.86% yield, which rises as prices fall, was up 2 basis points at 2.684%. The 30-year bond 30_YEAR +0.64% yield rose 2.5 basis points to 3.466% and the 5-year note 5_YEAR +0.99% yield rose 1 basis point to 1.740%. A report on pending home sales is due at 10 a.m. Monday. Data on first quarter gross-domestic product is released on Wednesday and a nonfarm payrolls report comes out Friday, alongside a number of other indicators. The Federal Reserve's policy committee is also scheduled to meet this week.
