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Tuesday March 16, 06:42
Treasurys little changed by data, awaiting Fed meeting

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Benchmark 10-year Treasury notes were little changed, keeping yields near eight-month lows. The market showed little reaction to a report that showed the red-hot housing market cooled last month. Instead, investors were looking ahead to the Federal Reserve interest-rate meeting. The Fed's target interest rate lies at a four-decade-low 1 percent. A majority of economists don't think the FOMC will make any changes to the statement. Construction of new U.S. houses slowed about 4 percent in February to 1.86 million seasonally adjusted annualized units. It's the slowest pace of building since August. Economists were looking for starts to accelerate slightly to about 1.91 million in February. The benchmark 10-year Treasury note was unchanged at 101 31/32. Its yield stood at 3.76 percent.
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