MW: Treasurys, dollar stay down after spending data
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar extended losses and Treasury prices stayed under pressure on Monday after a report said consumer spending in December rose 0.7% while incomes rose 0.4%. The dollar index (DXY 77.71, -0.42, -0.54%) , which tracks the greenback against a basket of six other currencies, slipped to 77.707, from 77.781 before the data and compared with 78.171 late Friday. The euro (EURUSD 1.3713, +0.0118, +0.8678%) rose to $1.3725, from $1.3704 earlier and up from $1.3608 late Friday. Yields on 10-year notes (UST10Y 3.36, +0.03, +0.90%) , which move inversely to prices, rose 3 basis points to 3.36%. Still to come is a Federal Reserve buyback of 2013-2014 Treasury debt.
