Treasury Prices Rebound from Monday's Fall
MARKETSCOPE : Treasury bond prices rebounded Tuesday from their losses on Monday.
The 10-year Treasury notes were yielding 5.12% at noon Eastern Daylight Time, from 5.14% at Monday's close. Yields fall when prices rise.
News hit that the National Association of Realtors said Pending Home Sales fell 1.2% in March after dipping 0.8% in February. It was the fifth monthly decline in the past six months.
The International Council of Shopping Centers (ICSC) and UBS Securities reported retail chain stores sales rose 0.7% in the week ended April 29 after falling 0.2% the week before.
Investors also waited for news of Factory Orders and the ISM Services index on Wednesday, as well as Friday's Nonfarm Payroll report. The debate continues about whether the Fed will pause in its tightening cycle in June.