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Wednesday, October 28, 2009
Treasurys Gain After New-home Sales Data
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Treasury prices regained an advance on Wednesday, pushing yields down a second day, after a report showed new-home sales fell 3.6% in September to a 402,000 pace. Economists surveyed by MarketWatch predicted an improvement to a 438,000 pace in September. Two-year notes yields fell 4 basis points to 0.95%. Still, traders' attention will mostly center on the Treasury's sale of $41 billion in 5-year notes later in the session.
Copyright © 2009 MarketWatch, Inc.
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