Treasuries Rally On Lower New Home Sales

Treasuries rally on lower new home sales: After yesterdays surprising increase in existing home sales, traders were gearing up for another better- than-expected number when the new home sales were announced this morning. They were disappointed! The Commerce department announced that new home sales fell almost 11% in February to an annualized rate of 1.08 million. Most analysts were looking for sales to come in at 1.2 million. Read More....