TREASURIES-Bonds gain after weak U.S. sentiment data

NEW YORK, June 13 | Fri Jun 13, 2008 10:03am EDT

NEW YORK, June 13 (Reuters) - Treasury debt prices gained on Friday after a weaker-than-expected reading of consumer sentiment.

The benchmark 10-year Treasury note US10YT=RR's price, which moves inversely to its yield, traded up 7/32 for a yield of 4.18 percent, versus 4.21 percent before the report and versus 4.22 percent late Thursday.

The preliminary June Reuters/University of Michigan consumer sentiment reading was 56.7, below economists' consensus forecast for 59.5. (Reporting by John Parry; Editing by Theodore d'Afflisio)

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