MW: Treasurys, dollar stay up after trade gap widens
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices and the U.S. dollar held onto gains Friday, with investors' desire for safety in the wake of turmoil in Egypt supporting both, after a report showed the U.S. trade gap widened by 5.9% in December to $40.6 billion. The dollar index (DXY 78.53, +0.28, +0.36%) , which measures the greenback against a basket of six currencies, rose to 78.502, from 78.548 before the report and 78.221 in late North American trading on Thursday. The euro (EURUSD 1.3531, -0.0068, -0.5001%) declined to $1.3540, from $1.3531 earlier and down from $1.3603 Thursday. Yields on 10-year notes (UST10Y 3.65, -0.05, -1.38%) , which move inversely to prices, stayed down by 5 basis points to 3.66%.
