Reply #17: Treasuries Soft on Spending, Price Data

[54anickel]

http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20040326&ID=3530589


NEW YORK (Reuters) - Treasuries prices were lower on Friday after seemingly soft U.S. consumer spending data were overshadowed by upward revisions to a key U.S. inflation indicator.

Personal spending rose 0.2 percent in February when analysts had looked for a 0.4 percent gain while real spending, adjusting for inflation, was flat. Personal income rose 0.4 percent, a little more than forecast, but disposable income rose a lower than expected 0.2 percent.

However, that softness was balanced by upward revisions to the core price index for personal consumption expenditures. Annual growth in the core PCE rose to 1.1 percent in February having been raised to 1.0 percent in January from the original 0.8 percent.