Treasuries Finish Sharply Lower

The latest home sales and consumer confidence data helped send prices tumbling

Treasuries finished lower in price, as the first concrete sign that the Fed's "soft patch" of June data was behind us lowered the boom on Treasuries, says Action Economics. July consumer confidence leapt over 4 points to 106.1. June new home sales fell 0.8% to a 1.326 million pace, but even this was comparatively stale data and defied expectations of a deeper correction.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.