Treasuries End Lower on Strong Data

A stronger-than-expected durable goods report indicated that Fed policymakers can remain sidelined for several more weeks

Treasuries slumped in price Tuesday in the wake of stronger than expected durable goods data, but stabilized intraday amid soft consumer confidence figures that reversed an early rally in stocks. The durables data indicate that Federal Reserve policymakers can remain sidelined for several more weeks, which helped the yield curve flatten. Further, new 2-year supply slated for Wednesday aided a flattening bias.

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