July 29, 2016 / 1:21 PM / a year ago

TREASURIES-U.S. bonds add gains on reduced rate-hike view

NEW YORK, July 29 (Reuters) - U.S. Treasury prices added to their gains on Friday as a weaker-than-forecast reading on gross domestic product in the second quarter caused traders to scale back their expectations on a rate increase from the Federal Reserve later this year.

Benchmark 10-year Treasury notes were last up 7/32 in price for a yield of 1.487 percent, down 2 basis points from late on Thursday. (Reporting by Richard Leong Editing by W Simon)

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