MW: Treasurys stay up after income, spending report
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices remained higher Tuesday, pushing yields down, after the Commerce Department said consumer spending in the U.S. rose 0.4% in June and personal income fell 1.3%. Ten-year note yields (UST10Y 3.63, +0.16, +4.54%) fell 3 basis points to 3.60%. Economists surveyed by MarketWatch expected income to fall 1.2% and spending to increase 0.3%. Still to come at 10 a.m. Eastern time is a report on pending home sales for June. Bonds were up before the data as investors sold European stocks and U.S. equity futures pointed to a lower opening.
