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NEW YORK, Jan 29 (Reuters) - U.S. Treasuries pared earlier losses on Friday after government data showed the U.S. economy expanded at its fastest pace in six years, fanning worries the Federal Reserve may raise rates sooner than previously thought.
The price on benchmark 10-year Treasury notes was down 12/32, compared with a 9/32 loss prior to the government's report on Gross Domestic Product in the fourth quarter. Ten-year notes' yield, which moves inversely to their price, was 3.69 percent, compared with a 3.68 percent shortly before the GDP data. The 10-year yield ended at 3.64 percent late on Thursday. |
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