US Markets

U.S. bond prices pare gains as Wall Street rises

Credit: REUTERS/BEAWIHARTA

U.S. Treasury securities prices trimmed their earlier gains on Wednesday as Wall Street's major indexes turned positive, reducing safe-haven bids for domestic government debt amid worries about a recession and trade tensions between China and the United States.

NEW YORK, Aug 28 (Reuters) - U.S. Treasury securities prices trimmed their earlier gains on Wednesday as Wall Street's major indexes turned positive, reducing safe-haven bids for domestic government debt amid worries about a recession and trade tensions between China and the United States.

At 10:53 a.m. (1453 GMT), benchmark 10-year Treasury prices US10YT=RR were up 4/32 for a yield of 1.476%, which was down 1.4 basis points from late on Tuesday.

(Reporting by Richard Leong Editing by Chizu Nomiyama)

((richard.leong@thomsonreuters.com; +1 646 223 6313; Reuters Messaging: richard.leong.thomsonreuters.com@thomsonreuters.net; Twitter @RichardLeong2))

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