Treasury Yields Rise
MARKETSCOPE : Long-dated Treasuries finished slightly lower in price and higher in yield on Tuesday.
Bonds headed sharply higher ahead of 10:00 am EDT releases of September consumer confidence and August new home sales, both of which fell sharply. But sellers sent the market back down as participants moved to discount the possibility of any hawkish tone in Fed Chairman Greenspan's address to the NABE conference just before 3:00 pm EDT. Greenspan did not end up speaking directly about near-term economic policy.
The 10-year Treasury yield finished the day at 4.30%, up from 4.29% yesterday.