By Polya Lesova, MarketWatch
NEW YORK (MarketWatch) — Treasury yields rose on Tuesday, with the benchmark 10-year yield above 2% as traders digested mixed data on the U.S. housing market.
Yields on benchmark 10-year notes 10_YEAR +1.06% , which move inversely to prices, gained 3 basis points to 2.014%.
A basis point is one one-hundredth of a percentage point.
Yields on 5-year notes 5_YEAR +2.48% added 2 basis points to 0.871%.
Yields on 30-year notes 30_YEAR +0.45% rose 2 basis points to 3.150%.
U.S. stock futures pointed to a higher opening on Wall Street, as a decline in Spanish and Italian bond yields eased some worries about the euro-zone debt crisis.
Investors also digested data from the Commerce Department showing that housing starts fell 5.8% in March, defying expectations for a rise. But new building permits — which are seen as a gauge of future demand — rose 4.5% to 747,000 last month.
Polya Lesova is MarketWatch's New York deputy bureau chief.
