TREASURIES-Bonds climb on renewed Greece anxiety
* Renewed worries over Greece stoke safety bids for bonds
* Stocks, euro fall on euro sovereign risk concerns
* Factory orders, pending home sales data on tap
NEW YORK, May 4 (Reuters) - U.S. government debt prices rose on Tuesday, as doubts whether debt-stricken Greece has the resolve to make sharp spending cuts fueled safe-haven demand for bonds.
Persistent worries over the fallout from Greece's debt problems dragged down European stocks .FTEU3 and the euro EUR=. U.S. stock index futures also signaled a lower open. [.N]
"It's a pure flight-to-safety play, and it's snow-balling," said Frank Cholly Sr., senior market strategist at Lind-Waldock in Chicago.
Concerns over the euro zone sovereign debt crisis increasingly have overshadowed evidence supporting the view of a durable U.S. economic recovery, analysts said.
Traders will receive fresh data on pending home sales and factory orders on Tuesday, a day after an industry report showed the U.S. manufacturing sector expanded at its fastest pace in nearly six years even though car sales slowed more than expected in April.
Factory orders likely dipped 0.1 percent in March after a 0.6 percent rise in February, while pending home sales likely rose 4.0 percent in March following a 8.2 percent jump in February, according to analysts polled by Reuters.
Prices on benchmark 10-year Treasury notes US10YT=RR rose 12/32 to 99-26/32. Their yields, which move inversely to price, fell to 3.65 percent from 3.69 percent late on Monday.
The spread between two-year and 10-year note yield shrank to 268 basis points from 269 basis points late on Monday.
June 10-year T-note futures TYc1 were up 16/32 at 117-31/32 after briefly breaching the 118 threshold, while the June 30-year T-bond contract USM0 was up 24/32 at 119-15/32 after hitting a session high of 119-18/32. (Reporting by Richard Leong; Editing by Theodore d'Afflisio)
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