MW: Treasurys up, dollar weakens after home sales fall
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices rose and the dollar lost ground on Wednesday after a report said U.S. sales of new homes plunged to a new record low in July, coming in much worse than forecast. Yields on 10-year notes (UST10Y 2.44, -0.06, -2.21%) , which move inversely to prices, fell 4 basis points to 2.44%, touching the lowest since January 2009. The dollar index (DXY 83.24, +0.09, +0.11%) , which measures the greenback against a basket of currencies, fell to 83.231, compared to 83.188 before the data and down from 83.31 late Tuesday. The euro (EURUSD 1.2660, +0.0029, +0.2296%) traded at $1.2674, from $1.2666 before the data and versus $1.2617 in late North American trade Tuesday.
