TREASURIES-Bonds trim losses after housing, consumer data
NEW YORK, March 26
NEW YORK, March 26 (Reuters) - U.S. Treasuries prices pared earlier losses on Tuesday after disappointing data on domestic new home sales and consumer confidence undercut optimism on the U.S. economy, rekindling some demand for safe-haven bonds.
Benchmark 10-year Treasury notes last traded down 3/32 in price to yield 1.932 percent, up 1.2 basis points from late on Monday.
Shortly before release of the housing and consumer confidence data, the 10-year notes were 6/32 lower in price with a yield near 1.94 percent.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.