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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (387024)5/26/2009 12:36:35 PM
From: Secret_Agent_Man  Read Replies (1) of 436258
 
same place as last time....bzzzzzzz/click
Treasurys came under pressure after the Conference Board's reading on U.S. consumer confidence surged to 54.9 in May, the highest in eight months, from an upwardly revised 40.8 in April. Economists were expecting the index to hit 43. See more on confidence report.

"The May consumer confidence report is another indicator that suggests that the recession's grip on the economy has slackened significantly and that the recession may be drawing to a close," said economists at RDQ Economics.

Gains may be limited before the Treasury Department sells $40 billion in 2-year notes during the session, the first of three large note auctions this week totaling $101 billion. Bids are due at 1 p.m. Eastern time.

The yield on the current 2-year note (UST2YR 0.90, +0.02, +1.93%) rose 1 basis point to 0.90%.
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