TREASURIES-Prices hold steady after trade, price data
NEW YORK |
NEW YORK Nov 13 (Reuters) - U.S. government debt prices held steady at lower levels on Friday after data on the U.S. trade deficit and import/export prices, confirming the view of a sluggish U.S. economy coupled with low inflation.
The government reported the U.S. trade gap grew to $36.47 billion in September, wider than the $31.65 billion expected by analysts recently polled by Reuters. For more, [ID:nCAT004931]
It also said import prices rose 0.7 percent in October, lower than the 1.0 percent rise predicted by economists, while export prices climbed 0.3 percent, higher than the 0.2 percent predicted by analysts. For more, see [ID:nOAT004355]
The price on benchmark 10-year Treasury notes US10YT=RR was down 5/32, the same level shortly before the government reports on trade and export/import prices.
Their yield which moves in the opposite to their price 3.47 percent, unchanged from the level prior to the data release. (Reporting by Richard Leong; Editing by Theodore d'Afflisio)
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