MW: Dollar pares gain, bonds slide after home-sales
By Deborah Levine
NEW YORK (MarketWatch) -- The U.S. dollar pared gains and long-term Treasury prices turned lower on Tuesday, after the National Association of Realtors said resales of U.S. homes and condos fell 0.6% in February to a seasonally adjusted annual rate of 5.02 million. The euro bought $1.3534, compared to $1.3490 earlier in the session but still down from $1.3550 in North American trade late Monday. The dollar index (DXY 80.87, +0.22, +0.27%) , which measures the U.S. unit against a trade-weighted basket of six major currencies, traded at 80.729, versus 80.986 earlier and up from 80.626 late Monday. Yields on 10-year notes (UST10Y 3.66, +0.01, +0.19%) , which move inversely to prices, rose 1 basis point to 3.67%, after being lower through the European session. Yields on 2-year notes (UST2YR 0.94, -0.02, -1.77%) stayed down by 2 basis points to 0.95% before the government's sale of more of the securities.
