TREASURIES-Longer-dated prices hit session highs after home data

NEW YORK, April 22 Mon Apr 22, 2013 10:10am EDT

Related Topics

NEW YORK, April 22 (Reuters) - Prices on U.S. longer-dated Treasuries rose to session highs early Monday after a private report showed a surprise drop in existing home sales in March, stoking worries about the U.S. economic recovery losing steam.

Benchmark 10-year Treasuries were 5/32 higher in price to yield 1.688 percent, down 1.7 basis points from late on Friday, while the 30-year bond traded 9/32 higher with a yield of 2.871 percent, down 1.2 basis points from Friday's close.

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

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article