NEW YORK (CNNMoney.com) -- Treasurys slipped Tuesday after a $38 billion auction of two-year notes, with $66 billion in debt sales still on tap for the week.
What prices are doing: The benchmark 10-year note fell 15/32 to 103-25/32, pushing its yield up to 3.05% from 3% late Monday. Bond prices and yields move in opposite directions.
The 30-year bond lost 1-1/32 to 105-2/32 and its yield was 4.068%. The 2-year note edged down 3/32 to 100 and yielded 0.65%.
On Monday, Treasurys were flat as investors prepared for the week of auctions.
What's moving the market: This week's debt sales kicked off Tuesday with a $38 billion offering of two-year notes. The bid-to-cover ratio, a measure of demand, was 3.33 -- slightly higher than that of the previous two-year note auctions.
A $37 billion auction of five-year notes is on tap Wednesday, and the government will sell $29 billion in seven-year notes Thursday.
Earlier in the session, bond prices fell as stocks extended the previous session's rally after reports on housing and consumer confidence were mixed.
The Case-Shiller index of home prices in 20 cities showed that home prices rose 4.6% in May after rising 3.8% in April.
A separate report said consumer confidence dropped for a second straight month, to 50.4 in July. Economists surveyed by Briefing.com expected a reading of 51.
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates:
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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