22 Oktober 2013

Treasurys slip ahead of delayed data

NEW YORK, Reuters (21/10) - Treasury prices edged lower Monday ahead of the release of economic data which had been delayed by the government shutdown that ended last week. The data will be dominated by a nonfarm payrolls report on Tuesday, though many are concerned about the accuracy of the information given the government's partial closure. An existing home-sales report is due Monday at 10 a.m. Eastern. The benchmark yield, which moves inversely to price, rose 1 basis point to 2.591%. The 30-year bond yield rose 1.5 basis points to 3.658%, and the 5-year note yield rose 1 basis point to 1.345%.