Treasury Prices Fall
MARKETSCOPE : Treasury bond prices fell on Tuesday after commetns about inflation from Chicago Fed President Moskow.
The benchmark 10-year note slid 07/32 to 100-12/32 for a yield of 5.07%, while the 30-year bond fell 10/32 to 89-24/32 for a yield of 5.185.
President Bush formally nominated Goldman Sachs CEO Henry Paulson to replace John Snow as Treasury Secretary.
A decline in May consumer confidence to 103.20 from 109.80 in April had no lasting impact on Treasuries.
Investors awaited Thursday's ISM Manufacturing index report and Friday's Nonfarm Payroll report.Markets continue watching such data for clues about whether the FOMC pauses from its interest rate tightening cycle. The FOMC meets in June.