Prices for U.S. Treasuries pare gains after U.S. data

NEW YORK Fri Feb 1, 2013 10:08am EST

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NEW YORK Feb 1 (Reuters) - Prices for U.S. Treasuries pared gains on Friday after data showed a pickup in U.S. manufacturing and higher consumer confidence in January.

Benchmark 10-year U.S. government debt traded 9/32 higher after the data to yield 1.953 percent. Prices for 30-year bonds traded 7/32 higher to yield 3.157 percent.

The pace of growth in the U.S. manufacturing sector picked up in January to its highest level in nine months as new orders and employment improved, and U.S. consumer sentiment unexpectedly improved that month, as well.

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