Private residential construction spending increased modestly in May, driven primarily by remodeling, a new industry report found. Processing Content According to the latest construction spending data from the U.S. Census Bureau, private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in […]

The US bond market faces a test of investor demand for longer-dated maturities, with auctions of 10- and 30-year Treasuries highlighting an otherwise light week for economic events. Processing Content The sale of benchmark 10-year notes comes Wednesday, followed by 30-year bonds a day later as part of the Treasury’s $119 billion week of auctions.