TREASURIES-U.S. bond prices pare losses after services, housing data

NEW YORK Wed Dec 4, 2013 10:12am EST

NEW YORK Dec 4 (Reuters) - U.S. Treasuries prices pared earlier losses on Wednesday as a weaker-than-expected report on domestic services industries reduced jitters about the Federal Reserve rolling back stimulus soon, reviving some bids for government debt.

The bigger-than-expected drop in a gauge of U.S. services activity in November was mitigated by data showing a surprisingly large 25.4 percent surge in new home sales in October.

Benchmark 10-year Treasury notes last traded 14/32 lower in price with a yield of 2.828 percent, up 5 basis points from late on Tuesday.