MW: Treasurys, dollar under pressure on housing starts
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices and the dollar remained under pressure early Tuesday after a report showed housing starts fell 5.9% to a 575,000 pace last month. Trading was subdued before the Federal Reserve ends its policy meeting and releases its statement, which analysts will cull for clues about officials' outlook for growth and inflation. Yields on 10-year notes (UST10Y 3.69, 0.00, -0.08%) rose 2 basis points to 3.71%. The dollar index (DXY 80.04, -0.21, -0.27%) , which measures the U.S. unit against a trade-weighted basket of six major currencies, slipped to 80.016 from 80.240 in late U.S. trading Monday. The euro traded at $1.3721 versus the dollar, up from $1.3674 late Monday, a day after euro-zone finance ministers said they were ready to take unspecified action to help Greece meet its debt obligations if needed.
