Treasury Yields Fall After Weak U.S. Housing Reports
Treasury yields edged lower after a string of weaker-than-expected housing reports highlighted the strain of elevated mortgage rates.
By Emese Bartha and Jessica CoacciTreasury yields edged lower after a string of weaker-than-expected housing reports highlighted the strain of elevated mortgage rates.The pending home sales index, a leading indicator of house sales based on contract signings, recorded its lowest reading since its e…