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TREASURIES-Yields slip after U.S. new home sales, consumer sentiment data
February 24, 2017 / 3:21 PM / 9 months ago

TREASURIES-Yields slip after U.S. new home sales, consumer sentiment data

NEW YORK, Feb 24 (Reuters) - U.S. Treasury debt yields slipped on Friday, after data showed new home sales grew less than expected in January and consumer sentiment eased last month, adding to a batch of reports the last few weeks that suggested a more mixed outlook for the world’s largest economy.

U.S. 10-year notes were up 13/32 in price to yield 2.341 percent, compared with 2.388 percent late on Thursday. Yields fell as low as 2.333 percent, their lowest since Feb. 9.

U.S. 30-year bond prices also rose 28/32, yielding 2.978 percent, down from Thursday’s 3.023 percent. U.S. 30-year yields also touched a two-week low of 2.976 percent.

The Commerce Department said on Friday new home sales increased 3.7 percent to a seasonally adjusted annual rate of 555,000 units last month. Economists polled by Reuters had forecast single-family home sales.

The University of Michigan surveys of consumer sentiment, meanwhile, showed a final reading of 96.3 for February, down from last month’s 98.5. (Reporting by Gertrude Chavez-Dreyfuss)

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