MW:Treasurys pare loss, dollar falls after U.S. data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices pared a small decline and the dollar fell more on Wednesday after a report said U.S. producer prices fell 1% last month, more than some economists forecast. Separate data had retail sales slipping 0.2% in May, in line with expectations. The euro EURUSD +0.4062% traded at $1.2556, up from $1.2533 before the data and $1.2510 in late North American trading Tuesday. The dollar index DXY -0.12% , which measures the greenback's performance against a basket of six major global currencies, fell to 82.192 from 82.386. Yields on 10-year notes 10_YEAR +0.78% , which move inversely to prices, rose 1 basis point to 1.67%, from 1.68% earlier. Coming up is the government's sale of 10-year notes. Analysts also noted pressure coming from a change in Danish pension rules that will mean less need to buy long-term Treasury and German bonds.
