NEW YORK (AP) — Treasury prices fell slightly Thursday as investors weighed weak economic reports against strong earnings from U.S. companies.
The price of the benchmark 10-year Treasury note fell 6.2 cents for every $100 invested. The yield rose to 1.51 percent from 1.50 late Wednesday.
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In an auction, the government sold 10-year Treasury Inflation-Protected Securities, or TIPS, for a record-low yield of -0.637 percent. Demand was slightly weaker than in previous auctions. There were $2.62 of bids for every dollar of notes on sale, versus an average of $2.77 over the previous six auctions.
Earlier in the day, a measure of U.S. manufacturing in the mid-Atlantic region came in unexpectedly weak, as did reports on home sales and leading economic indicators.
Stocks rose after companies including IBM and eBay reported better-than-expected earnings for the second quarter.
The price of the 30-year Treasury bond fell 18.8 cents for every $100 invested. The yield rose to 2.61 percent from 2.59 percent late Wednesday.
The yield on the two-year Treasury note fell to 0.22 percent from 0.23 percent. The yield on the three-month T-bill fell to 0.8 percent from 0.9 percent.
