TREASURIES-U.S. bonds reduce losses after weaker ISM index
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Saturday September 04, 2010 07:13:14 AM GMT
NEW YORK, Sept 3 (Reuters) - U.S. Treasuries trimmed their steep losses on Friday after a nationwide index of non-manufacturing activity came in weaker than expected.
The benchmark 10-year Treasury note <US10YT=RR>, down a full point earlier in the session, was down 25/32 after the Institute for Supply Management report. It yielded 2.72 percent, up from 2.63 percent late Thursday.
The 30-year bond <US30YT=RR>, down two points before the ISM index was released, was down 1-21/32 afterwards. Its yield stood at 3.81 percent versus 3.72 percent on Thursday.
ISM said its index of activity in the U.S. non-manufacturing sector read 51.5 in August, below te consensus forecast of 53.5.
Earlier, U.S. Treasuries prices fell after the government reported that 67,000 private sector jobs were added to U.S. payrolls in August, a larger number than expected.
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