Treasurys rise after weak consumer confidence data

WASHINGTON — U.S. Treasury securities are rising after a report showed consumers' confidence in the economy is the worst since April 2009.

The Conference Board said early Tuesday that its index of consumer confidence plunged to 44.5 in August from 59.2 in July. Americans were spooked this month by wild stock market swings and data showing a weaker economic recovery.

Consumers' views are crucial for the U.S. economy because their spending accounts for 70 percent of economic activity.

In afternoon trading, the 10-year Treasury note was up 68.75 cents for every $100 invested. Its yield fell to 2.18 percent from 2.24 percent late Monday. The 30-year note was up $1.22 for every $100 invested. Its yield fell to 3.53 percent from 3.61 percent late Monday. Bond yields fall as their prices rise.