TREASURIES-U.S. bonds add gains on reduced rate-hike view
NEW YORK, July 29 (Reuters) - U.S. Treasury prices added to their gains on Friday as a weaker-than-forecast reading on gross domestic product in the second quarter caused traders to scale back their expectations on a rate increase from the Federal Reserve later this year.
Benchmark 10-year Treasury notes were last up 7/32 in price for a yield of 1.487 percent, down 2 basis points from late on Thursday.
(Reporting by Richard Leong Editing by W Simon)
Terms and Privacy Policy