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Bonds up on industrial production data.
(From AFX Europe (Focus))
NEW YORK (AFX) - Treasury prices rose modestly Tuesday, boosted by weak industrial production data and record foreign buying of U.S. securities.
However, gains were clipped after a private sector housing indicator rose, breaking a string of eight straight declines.
At 5 p.m. EDT, the 10-year Treasury note was up 3/32 from Monday. Its yield, which moves in the opposite direction, fell to 4.77 percent from 4.78 percent.
The 30-year bond was up 6/32, its yield fell to 4.90 percent from 4.91 percent.
The 2-year note was unchanged, yielding 4.84 percent, which was down from 4.85 percent.
Yields on …
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