Interest rates held steady on Tuesday amid a fresh crop of worrisome economic data. The yield on the Treasury's 30-year bond finished unchanged at its record closing low of 6.67%. But short-term rates fell slightly. The bond-equivalent yield on three-month Treasury bills dropped to 3.10% from 3.11%, while that on one-year bills dropped to 3.44% from 3.46%.
Stocks fell on the weak economic data. The Dow Jones industrial average fell 11.35 points to 3,518.85. The Standard & Poor's 500 index lost 1.16 points to 450.69. And the Nasdaq composite index fell 1.77 points to 701.07.