NEW YORK Feb 5 U.S. government debt prices fell
to session lows early Tuesday, adding to earlier losses, as
better-than-expected data on European business activity spurred
selling in safehaven Treasuries.
Markit's Eurozone Composite Purchasing Managers Index rose
to a 10-month high in January at 48.6 points from 47.2 in
December. The latest PMI figure was modestly stronger than the
48.2 forecast by analysts, suggesting business activity in the
region was contracting less than expected.
Benchmark 10-year Treasuries notes were down
16/32 in price at 96-17/32 for a yield of 2.016 percent, up 5.9
basis points from late Monday.