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Bonds Pare Gains After Existing Home Sales Data

U.S. government bond prices pared gains Monday after a higher-than-expected reading on November existing home sales.

The benchmark 10-year note was trading 9/32 higher in price for a yield of 4.04 percent from 4.08 percent late Friday, while the two-year note was 1/32 higher in price for a yield of 3.08 percent from 3.11 percent.

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