NEW YORK: US Treasuries prices trimmed early gains on Thursday after data on US housing starts and new jobless benefit claims came in stronger than forecast.
Benchmark 10-year notes, up 17/32 before the data came out, were up just 15/32 afterward, their yields at 2.92 percent, just above six-month lows.
US housing starts rose 3.5 percent, more than expected, in May. Permits for future construction rose to a five-month high. New claims for unemployment insurance fell to 414,000 in the week ended June 11 from a revised 430,000 a week earlier.
Copyright Reuters, 2011
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