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TREASURIES-US yields trim gains after softer-than-expected data

BY Reuters | ECONOMIC | 08:53 AM EST

NEW YORK, Jan 16 (Reuters) - U.S. Treasury yields pared gains on Thursday after data showed weaker-than-expected numbers in retail sales, jobless claims, and import prices.

The lone surprise was the Philadelphia Fed Business Index, which jumped to 44.3 in January. The forecast was for a reading of minus 5.

The benchmark 10-year yield trimmed gains after the data, last up 1.4 basis points (bps) at 4.669%. It was 4.694% before the data. On the short end of the curve, the two-year yield last traded up 1.7 bps at 4.281%, compared with 4.314 prior to the reports. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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