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TREASURIES-U.S. bond prices pare gains after PPI data
April 11, 2014 / 12:55 PM / 3 years ago

TREASURIES-U.S. bond prices pare gains after PPI data

NEW YORK, April 11 (Reuters) - U.S. Treasuries prices trimmed their earlier gains on Friday after news that producer prices rose more than forecast in March, challenging a view that domestic inflation will remain tame for a long time.

The Labor Department said its index on producer prices rose 0.5 percent last month for its biggest rise since June. Analysts polled by Reuters had forecast a 0.1 percent increase.

The index’s core reading, which excludes volatile food and energy prices, posted a 0.6 percent increase in March for its biggest monthly gain in three years.

Benchmark 10-year Treasuries notes last traded 3/32 in price with a yield of 2.616 percent, down 1 basis point from late on Thursday. (Reporting by Richard Leong; Editing by Bernadette Baum)

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