MW: Treasurys inch down as equities point higher, quarter ends
Treasurys declined slightly Tuesday as U.S. equity futures pointed higher, rebounding from Monday's losses. Two-year note yields rose 1 basis point to 0.85%. Also, reports on manufacturing in the Chicago area and consumer confidence are expected to show some improvement. Traders also noted that it is the last day of the quarter for many firms and the end of the fiscal year for other firms, as well as Japan, when companies may add to Treasury holdings to show more secure holdings. Investors are also eyeing all the Federal Reserve's purchases of Treasurys and housing agency debt, limiting declines.
