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Treasurys swing lower after housing starts jump
NEW YORK (MarketWatch) -- Treasury prices swung lower after data showed a jump in construction of new U.S. homes. Housing starts surged at a seasonally adjusted annual rate of 13.2% in April. After the data, the 10-year Treasury note yield, which rises as prices fall, was up a basis point at 2.512%. The 5-year note yield was up 1.5 basis points at 1.551%, and the 30-year bond yield rose slightly to 3.340%.
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