MW: Treasurys fall before confidence report, auction
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices declined on Tuesday, pushing yields up, before data on home prices and consumer confidence. Also on the schedule is the government's sale of $38 billion in 2-year notes (UST2YR 0.62, +0.02, +4.02%) , expected to carry the lowest yield on record. Improvements in stocks also detracted from the appeal of bonds as an alternative. "Treasurys are slightly weaker again this morning as good earnings reports from Deutsche Bank (DB 69.25, +3.07, +4.64%) , UBS (UBS 16.32, +1.17, +7.72%) and DuPont (DD 40.56, +1.57, +4.03%) have stocks modestly higher," said strategists at RBS Securities. Yields on 10-year notes (UST10Y 3.03, +0.03, +0.97%) , which move inversely to prices, rose 3 basis points to 3.03%.
