MW: Treasurys stay down after industrial production
By Deborah Levine
EW YORK (MarketWatch) -- Treasury prices remained lower on Tuesday, pushing yields up, after a report showed the output of the nation's factories, mines and utilities rose 0.1% in October, less than expected by economists surveyed by MarketWatch. Capacity utilization -- a gauge of slack in the economy -- rose to 70.7% last month from 70.5% in September. Yields on 10-year notes (UST10Y 3.33, -0.09, -2.60%) increased 2 basis points to 3.36%. U.S. debt also took little direction from a Treasury Department report showing net foreign purchases of long-term U.S. securities increased to $40.7 billion in September from $34.2 billion in August. Two-year Treasury yields (UST2YR 0.77, -0.04, -4.37%) rose from a 10-month low, with prices giving back some of the strong gains made after a speech from Federal Reserve Chairman Ben Bernanke on Monday.
