By Benjamin Eisen
NEW YORK (MarketWatch) -- Treasurys pared gains Monday after data showed a slowing of U.S. regional manufacturing production this month. The New York Fed's Empire State Index came in at 3.1 points in April, slower than the 9.2 recorded in March and below economic forecasts of 7.8. The 10-year 10_YEAR -0.29% yield stood at 1.72%, slightly lower on the day, but a rise from an earlier low of 1.69%. Yields move inversely to prices and 1 basis point is 1/100 of 1%. The 5-year note 5_YEAR +0.43% was at 0.69%, a nudge higher on the day, while the 30-year bond 30_YEAR -0.48% yielded 2.905%, a bit more that 1 basis point lower on the day. The National Association of Home Builders/Wells Fargo Housing Market Index will be released at 10 a.m.
