Bonds trim losses after weak pending home sales
Government bond prices briefly trimmed losses on Tuesday after weaker-than-expected May pending home sales data, but soon slipped again on stronger than forecast factory orders data.
The benchmark 10-year note's price traded down 1/32 for a yield of 4.996 percent, versus 5.00 percent before the data and compared with 4.99 percent late on Monday. Bond yields and prices move inversely.
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