US bonds pare losses as stocks cut gains

NEW YORK: US Treasuries prices pared earlier losses and turned flat on Monday, as Wall Street stocks gave up their initial gains after struggling to advance in the wake of a bailout deal for Cyprus.

Benchmark 10-year Treasury notes last traded unchanged at 100-20/32, yielding 1.923 percent. They erased an earlier price decline of 14/32 with a yield of 1.974 percent.