NEW YORK (CNN/Money) - Bond prices took a hit Tuesday while the dollar rallied as strong consumer confidence and existing home sales reports inspired investors to sell bonds and scoop up stocks.

The benchmark 10-year note lost 18/32 of a point to 100-15/32 to yield 4.19, up from 4.13 percent late Monday.

The 30-year bond lost over a point to 110-14/32 to yield 4.68 percent, down from 4.61 late Monday. Bond prices and yields move in opposite directions.

The two-year note lost 1/32 of a point to 99-18/32, yielding 3.22 percent, while the five-year note fell 7/32 of a point to trade at 99-20/32, yielding 3.37 percent.

Consumer confidence rose to 103.4 in January, the Conference Board said, up from an upwardly revised 102.7 in December. Economists surveyed by Briefing.com thought confidence would fall to 101.5

Existing home sales fell to a 6.69 million unit annual rate in December, versus a downwardly revised 6.92 million unit rate in November. But sales for the full year rose to a record. Economists surveyed by Briefing.com thought sales would fall to a 6.80 million unit annual rate for the month.

"This is a big week. So we'll have to see how the rest of week progresses, but the consumer number was big and we were definitely due for a rally," Mike O'Hare, head of listed trading at Lehman Brothers, told Reuters.

In currency trading, the dollar jumped versus the yen and rose modestly against the euro.

The euro bought $1.2967, down from $1.3056 late Monday. The dollar bought ¥104.24 late Tuesday, up from ¥102.65 late Monday.