Bonds Higher

Treasuries were higher Tuesday, as investors moved out of stocks and overseas economic numbers gave support to U.S. Treasuries

Treasurys, under attack recently on worries about Fed tightening, were higher in a flight to safety from falling stock markets, according to S&P Marketscope. Weak economic numbers from overseas, in Japan and France gave support to U.S. Treasuries also, according to Informa. Consumer confidence numbers came in weaker than the expected 103, at 102.4. The market is awaiting tomorrow's final fourth quarter GDP revision and the PCE price deflator that the FOMC ponders. The Treasury plans to pay down $10 billion on the public debt this week with 4-week and 2-year notes. The Treasury is to raise $25 billion in shorter-term cash with a 14-day bill auction.

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