MW: Treasurys slightly pare gain after confidence data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices slightly pared gains on Tuesday, though yields remain near the lowest in a month, after the Conference Board's consumer confidence index rose to 55.9 in January from an upwardly revised 53.6 in December, a 16-month high and better than economists had expected. Yields on 10-year notes (UST10Y 3.59, -0.04, -0.97%) , which move inversely to prices, fell 2 basis points to 3.61%. Treasurys were supported before the data as China's move to limit its growth and Standard & Poor's darker outlook for Japan's rating fed a flight to quality. Still to come is the government's sale of $44 billion in 2-year notes (UST2YR 0.79, -0.02, -2.11%) .
