(Updates prices after consumer sentiment data)
NEW YORK Feb 11 U.S. government debt prices
touched session highs on Friday after a private index on U.S.
consumer sentiment rose to an eight-month high, signaling an
improved outlook for consumer spending.
U.S. consumer spending accounts for 70 percent of economic
Thomson Reuters/University of Michigan said its index on
consumer sentiment rose to 75.1 in early February from
January's 74.2. Analysts predicted a reading of 75.0. For
details, see [ID:nDYE7DA00G]
The price on benchmark 10-year notes US10YT=RR rose as
much as 21/32 to a session high of 100-1/32. Their yield
touched a session low of 3.62 percent, down from Thursday's
close of 3.70 percent.
(Reporting by Richard Leong)