MW: Treasurys cut losses after tepid consumption data
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices cut back earlier losses Friday after personal consumption data showed a slight rise in July. Spending edged up 0.1%, another indicator of the slow pace of economic growth. The benchmark 10-year note 10_YEAR +0.29% yield, which moves inversely to price, rose half a basis point to 2.769%, while the 30-year bond 30_YEAR +0.24% yield rose 1 basis point to 3.726%. The 5-year note 5_YEAR -0.62% yield fell half a basis point to 1.608%.
