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TREASURIES-Bonds touch session highs after consumer data
February 11, 2011 / 3:17 PM / 6 years ago

TREASURIES-Bonds touch session highs after consumer data

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(Updates prices after consumer sentiment data)

NEW YORK, Feb 11 (Reuters) - 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 activity.

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

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