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Markets & Finance

Treasuries Drop

Treasuries were lower in price on Tuesday, with the 10-year note yielding 4.33%, after news that June personal consumption expenditures climbed 0.8% after going unchanged in May; personal income rose 0.5% after a 0.2% gain in May. The data are mostly in line with expectations.

In other economic news, June factory orders rose 1.0%, and July auto sales were strong.

Tomorrow, the Treasury is expected to outline the reissuance of the 30-year bond.

European bonds improved bit on reports Eurozone June unemployment steady at 8.7%, Eurozone June PPI rose 0.5%.

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