Treasury 10-Year Yields Fall Amid Decline in Home Sales
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Treasury 10-year note yields fell from almost the highest level in a week after sales of U.S. existing homes unexpectedly dropped in December, casting doubts on the strength of the real-estate recovery.
The benchmark yield dropped as home sales were restrained by the lowest supply of properties in more than a decade. Yields rose earlier as inflation expectations increased to the highest in almost three months before the U.S. sells $15 billion in inflation-indexed debt this week.