MW: Treasurys gain more, dollar pares loss after ISM
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices extended gains, pushing benchmark 10-year yields under 3%, and the dollar pared losses slightly on Wednesday after the Institute for Supply Management said its index of manufacturing activity fell to to 53.5 in April, weaker than economists expected. Yields on 10-year notes UST10Y -1.90% , which move inversely to prices, fell 9 basis points to 2.98%, the lowest level in six months. The euro EURUSD +0.1946% traded at $1.4412, compared to $1.4417 before the data and up from $1.4385 in late New York trading on Tuesday. The dollar index DXY -0.33% , which measures the U.S. unit against a basket of six major currencies, slipped to 74.471, versus 74.460 earlier and down from 74.611 Tuesday.
