Reuters logo
TREASURIES-U.S. bonds slip on stronger U.S. ISM non-manufacturing index
January 4, 2013 / 3:16 PM / 5 years ago

TREASURIES-U.S. bonds slip on stronger U.S. ISM non-manufacturing index

NEW YORK, Jan 4 (Reuters) - U.S. Treasuries prices weakened after the Institute for Supply Management’s non-manufacturing index was stronger than expected in December.

The benchmark 10-year Treasury note, near unchanged just before the report came out, was down 4/32 afterwards, its yield rising to 1.94 percent from 1.92 percent late on Thursday.

The U.S. services sector in December grew at its fastest clip in 10 months - rising to 56.1 last month from 54.7 in November - boosted by a rise in new orders. The December reading was the highest since February and was well above economists’ forecasts of 54.2, according to a Reuters poll.

A reading above 50 indicates expansion in the sector.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below