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Bonds News

TREASURIES-Bonds shed gains after pending home sales

NEW YORK, Aug 4 (Reuters) - U.S. Treasury debt prices shed gains on Tuesday after data from the National Association of Realtors showed pending sales of previously owned U.S. homes rose at a faster-than-expected pace in June.

The data was seen as further evidence that the struggling U.S. housing market may be reaching a bottom.

The benchmark 10-year Treasury note US10YT=RR was trading 2/32 higher in price, from 7/32 higher in price just prior to the release of the pending home sales data. The note was yielding 3.63 percent, down from 3.64 percent late on Monday. (Reporting by Chris Reese; Editing by James Dalgleish)

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