TREASURIES-Bonds trim losses after hefty home sales drop

Mon Jan 25, 2010 10:08am EST

(Updates market action after home sales data)

NEW YORK Jan 25 (Reuters) - U.S. government debt prices trimmed losses slightly on Monday after a bigger-than-expected December drop in existing home sales rekindled worries over the fragile real estate market.

The price on benchmark 10-year Treasury notes US10YT=RR was down 4/32 at 97-30/32, compared with a 6/32 fall shortly before the home sales data.

Their yield, which moves inversely to their price, was 3.61 percent. compared with 3.62 percent prior to the data. The 10-year yield ended at 3.60 percent on Friday. (Reporting by Richard Leong; Editing by Theodore d'Afflisio)

FILED UNDER: