Business & Finance
10Y notes flat after consumer confidence data
NEW YORK : The price of benchmark US 10-year Treasury notes turned flat on Tuesday, trimming losses after news of an u
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The Conference Board said its index of US consumer sentiment fell to 60.8 from a revised 66.0 in April and below economists' forecasts for 66.5.
Benchmark 10-year notes last traded up 1/32 in price from its 3 p.m. close on Friday. with a yield of 3.06 percent. Shortly before the release of the consumer confidence report the 10-year notes were down 4/32 in price with a yield of 3.07 percent.
US financial markets were closed on Monday in observance of Memorial Day.
Copyright Reuters, 2011