MW: Treasury yields, dollar pare fall after Philly Fed
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices pared gains and the dollar cut its losses on Thursday after the Philadelphia Federal Reserve's report on manufacturing conditions in the region this month improved much than expected. The dollar index (DXY 78.08, -0.14, -0.18%) , which measures the U.S. unit against a basket of six currencies, traded at 78.088, up from 78.015 before the data but still lower from around 78.240 in late North American trade on Wednesday. The euro (EURUSD 1.3586, +0.0018, +0.1327%) traded at $1.3589, from $1.3605 earlier and $1.3566 late Wednesday. Yields on 10-year notes (UST10Y 3.57, -0.05, -1.49%) , which move inversely to prices, fell 4 basis points to 3.59%, after trading down to 3.57% before the data.
