New York (APA / dpa-AFX) – US Treasuries cut their losses during Tuesday's trading session. Initially, investors seeking more risk reacted cautiously. In the stock market, the major indices have returned much of their initial gains.
Although financial markets are not as buoyant as in previous days, current US economic data was weaker than expected. Housing starts and building permits fell more than expected in February. In addition, contrary to experts' expectations, the consumer mood indicator raised by the private market research institute Conference Board in March had fallen.
The two-year bond prices remained unchanged at 100 14/32 points and yielded 2.25 percent. Five-year papers lost 1/32 points to 100 28/32 points. They paid 2.19%. Ten-year government bonds fell 2/32 points to 101 28/32 points, yielding 2.41%. Long bonds with a maturity of 30 years lost 1/32 points to 102 22/32 points. Its return rose to 2.86 percent.