MW: Treasurys fall more after ISM, home-sales data
By Deborah Levine
NEW YORK (MarketWatch) -- Long-term Treasury prices extended a decline on Tuesday, pushing yields up from multi-month lows, after the Institute for Supply Management said its manufacturing index fell to 53.6 in November from 55.7 the previous month, dropping far more than economists surveyed by MarketWatch anticipated. Separate reports showed pending home sales rose 3.7% in October and construction spending was flat. Yields on 10-year notes (UST10Y 3.24, +0.04, +1.35%) rose 5 basis points to 3.24%. Yields on 2-year notes (UST2YR 0.65, 0.00, -0.61%) fell 1 basis point to 0.66%, the lowest this year.
