WASHINGTON (MarketWatch) -- Sales of existing U.S. homes rose 3% to a seasonally adjusted annual rate of 6.46 million in January, the highest in seven months, the National Association of Realtors reported Tuesday. It was the largest percentage gain in two years. Sales were down 4.3% year-on-year.
Remember: It was unusually warm in the first half of January.
Other economic news:
The consumer confidence index rose to a five-year high of 112.5 in February from 110.3 in January, the Conference Board reported. See full story.
10 year note holding to a gain of 10-ticks, yield at just above 4.59%.