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TREASURIES-US yields trim gains after softer-than-expected data
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TREASURIES-US yields trim gains after softer-than-expected data
Jan 16, 2025 6:17 AM

NEW YORK, Jan 16 (Reuters) - U.S. Treasury yields pared

gains on Thursday after data showed weaker-than-expected numbers

in retail sales, jobless claims, and import prices.

The lone surprise was the Philadelphia Fed Business Index,

which jumped to 44.3 in January. The forecast was for a reading

of minus 5.

The benchmark 10-year yield trimmed gains after the data,

last up 1.4 basis points (bps) at 4.669%. It was

4.694% before the data. On the short end of the curve, the

two-year yield last traded up 1.7 bps at 4.281%, compared with

4.314 prior to the reports.

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