MW: Treasury yields up on housing data, strong stocks
By Sue Chang and Polya Lesova, MarketWatch
SAN FRANCISCO (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.
Strong appetite for stocks is also contributing to pressuring bond prices, said Dan Dorrow, head of research at Faros Trading.
Yields on benchmark 10-year notes 10_YEAR +1.31% , which move inversely to prices, gained 2 basis points to 2.00%.
A basis point is one one-hundredth of a percentage point.
