Markets

US bond prices hold losses after US GDP data

Published June 28, 2016 Updated June 28, 2016 03:22pm

1 min

By Shoaib Ur Rehman

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NEW YORK: US Treasury prices held their earlier decline on Tuesday as the government's final reading on economic growth in the first quarter was revised up to 1.1 percent, within analyst forecasts but not strong enough for inflation to accelerate.

Benchmark 10-year Treasury notes were last down 4/32 in price with a yield of 1.473 percent, up 1 basis point from late on Monday.

The 10-year yield touched a near four-year low of 1.0406 percent on Friday.

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