US bonds hold gains after pending home sales data

27 Apr, 2016

NEW YORK: US Treasury prices clung to earlier gains on Wednesday with longer-dated maturities hovering at session highs even as data showed pending domestic home sales reached a 10-month high in March.

Benchmark U.S. 10-year government notes were up 10/32 in price with a yield of 1.893 percent, down nearly 4 basis points from late on Tuesday. The 10-year yield reached a near five-week high at 1.941 percent on Tuesday.

Copyright Reuters, 2016

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