MW:Treasurys up more, dollar pares gain after data
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar gave up some gains and Treasury prices rose further on Friday after the New York Federal Reserve's regional manufacturing report showed activity slowed much more than economists expected this month. The euro EURUSD -0.14% traded at $1.2605, paring losses from $1.2599 before the data and compared with $1.2613 in late North American trading on Thursday. The dollar index DXY -0.05% , which measures the greenback against a basket of six major currencies, turned down to 81.856 from 81.917 Thursday. Yields on 10-year notes 10_YEAR -2.92% , which move inversely to prices, fell 5 basis points to 1.60%. Treasurys were higher before the data along with stocks, being buoyed by a report late in the prior session saying global central banks are planning to jointly act if needed after the Greek election results are known. "Treasurys found a solid bid overnight as the looming Greek election risk and overtures of further coordinated central bank action supported the market," said Ian Lyngen, senior government bond strategist at CRT Capital Group.
