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Bonds trim gains after Philly Fed business data


    NEW YORK (Reuters) - U.S. Treasury debt prices pared earlier gains on Thursday after regional business data from the Philadelphia Federal Reserve turned out not as dismal as traders had feared.

    The price on benchmark 10-year Treasury notes last traded up 31/32, compared with a 1-1/32 gain prior to the Philadelphia Fed data. Their yield, which moves inversely to price, was 2.10 percent, up slightly from 2.09 percent shortly before the data. It ended at 2.20 percent late on Wednesday.

    (Reporting by Richard Leong; Editing by Theodore d'Afflisio)