MW: Treasurys stay up after personal spending data
By Deborah Levine
UST10Y
NEW YORK (MarketWatch) -- Treasury prices gained on Wednesday, pushing yields down for the first day in four, after a government report showed consumer spending rose 0.5% in November, compared to economists' expectations for a 0.7% increase. Personal income also rose less than anticipated. Yields on 10-year notes (UST10Y 3.75, +0.08, +2.26%) fell 3 basis points to 3.73%, after closing on Tuesday at the highest since early August. Still to come are reports on new-home sales and an update on consumer sentiment from Reuters/University of Michigan. Also, the Treasury Department will announce how much in debt it will auction next week.
