U.S. Treasuries Lower After U.S. Home Resales Report

On Tuesday morning, Bond prices extended losses after a report showed U.S. home resales hit a one-year high in September, blowing past Wall Street expectations.

Existing home sales gained 2.4 percent to an annual rate of 5.17 million units, the highest level since September 2013, according to the National Association of Realtors. Analyst had expected the figure to rise at a 5.10 million unit pace.

Yields on benchmark 10-year Treasury notes stood at 2.215 percent on Tuesday afternoon, up from Monday’s close of 2.183 percent.  The 30-year bond fell 20/32 in price to yield 2.999 percent in afternoon trading.

CNBC

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