MW: Treasurys stay down after leading indicators rise
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices remained lower Monday, pushing yields up for the fifth day in six, after the Conference Board said its index of leading economic indicators rose 0.7% in June. Ten-year note yields (UST10Y 3.66, +0.02, +0.58%) rose 2 basis points to 3.67%. Economists surveyed by MarketWatch expected the index to rise 0.5%, after having jumped 1.2% in May. Treasurys had been lower before the data as commercial lender CIT Group (CIT 1.28, +0.58, +82.86%) reportedly received a private sector bailout, sending U.S. stocks higher and reducing the demand for the relative safety of U.S. fixed income.
