Markets

US bond prices pare losses after March spending data

Published April 29, 2016 Updated April 29, 2016 01:56pm

1 min

By Shoaib Ur Rehman

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NEW YORK: US Treasury prices trimmed earlier losses on Friday as weaker-than-forecast data on consumer spending in March supported the notion of a sluggish US economic expansion, which may keep the Federal Reserve from raising interest rates in June.

Benchmark 10-year Treasury notes were 5/32 lower for a yield of 1.856 percent, up nearly 2 basis points from late on Thursday.

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