Treasury Yields Edge Lower as Housing Data Weakens
U.S. housing starts fell 5.2% in September to 1.221 million, while pending home sales also weakened. Treasury yields edged lower as potential buyers were spooked by elevated mortgage rates.
U.S. Treasury yields edged lower amid weaker-than-expected housing data, as potential buyers were spooked by elevated mortgage rates. Housing starts, a gauge of new residential construction, fell 5.2% in September to 1.221 million. Meanwhile, pending home sales, a leading indicator of house sales b…