TREASURIES-Yields rise as consumer prices post above-forecast gain

NEW YORK, July 16 Tue Jul 16, 2013 8:36am EDT

NEW YORK, July 16 (Reuters) - U.S. Treasuries on Tuesday erased their earlier price gains and yields rose after data showed that Consumer Price Index (CPI) rose by 0.5 percent in June, more than was expected by economists.

Benchmark 10-year notes were last unchanged in price to yield 2.55 percent, after earlier falling to 2.51 percent.