MW: Treasury prices slide ahead of big week of data
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices retreated Monday ahead of a week full of economic data that may provide a fresh reading on the pace of U.S. growth. The 10-year Treasury note 10_YEAR +1.01% yield, which rises as prices fall, was up 3 basis points on the day at 2.487%. The 30-year bond 30_YEAR +0.75% yield climbed 2 basis point at 3.335%, and the 5-year note 5_YEAR +1.04% yield rose 2.5 basis points to 1.554%. Investors will look to a manufacturing index from the Institute for Supply Management as well as a report on construction spending at 10 a.m. Eastern. A nonfarm payrolls report is due out on Friday, and the European Central Bank will announce Thursday whether it is taking any additional easing measures.
