28 February 2001, 13:02 US CONSUMER CONFIDENCE DOWN AGAIN, RALLIES TSYS
The long awaited consumer confidence number came in weaker-than-expected Tuesday,
extending the treasuries rally that started overnight and which then
continued beyond the weak durable goods number. Treasury yields fell
across the curve on a 3PM to 3PM basis although the back end
outperformed. The 2Y yield ended the day down only 0.8bps to 4.456%
with the 5Y yield falling 4.8bps to end at 4.731%. The 10Y yield shed
8bps to end at 4.968% and the 30Y yield dropped 9.6bps to end at
5.352%.
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