Treasury prices slipped to session lows Wednesday after a report showed the U.S. housing market poised for further improvement.
Bond investors looked past an 8.5% drop in the number of homes that broke ground last month, taking comfort instead in a bigger-than-expected rise in new building permits, an indication of future construction. December’s figure was also upwardly revised, while the construction of single-family homes rose to its highest since July 2008.
Treasury prices drop after housing data revealed
Most Popular Articles
Latest Articles
Better narrows loss in 2023, aims to reach profitability soon
The digital lender changed its operating model and plans to continue investments in its proprietary tech platform
-
Pending home sales pick up in February: NAR
-
11 real estate events & conferences to help you thrive in 2024
-
In quest to grow reverse business, US Mortgage Corporation hires Krajewski
-
NAR wants VA to change rules that prohibit veteran buyers from paying broker commissions
-
Renters gain financial edge over homebuyers in key U.S. markets: Realtor.com