TREASURIES-U.S. bonds slip on stronger U.S. ISM non-manufacturing index

NEW YORK Fri Jan 4, 2013 10:12am EST

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NEW YORK Jan 4 (Reuters) - U.S. Treasuries prices weakened after the Institute for Supply Management's non-manufacturing index was stronger than expected in December.

The benchmark 10-year Treasury note, near unchanged just before the report came out, was down 4/32 afterwards, its yield rising to 1.94 percent from 1.92 percent late on Thursday.

The U.S. services sector in December grew at its fastest clip in 10 months - rising to 56.1 last month from 54.7 in November - boosted by a rise in new orders. The December reading was the highest since February and was well above economists' forecasts of 54.2, according to a Reuters poll.

A reading above 50 indicates expansion in the sector.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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