Markets

US bonds trim gains after exiting home sales data

Published October 20, 2016 Updated October 20, 2016 02:38pm

1 min

By Shoaib Ur Rehman

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NEW YORK: US Treasury prices pared earlier gains on Thursday as a stronger-than-expected increase in domestic home resales in September reduced some pessimism about the housing sector and worries about slowing economic growth.

Benchmark 10-year Treasury notes were up 2/32 in price for a yield of 1.743 percent, down nearly 1 basis point from late on Wednesday.

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