TREASURIES-U.S. bond prices edge up on weak data, Brazilian election
* Brazilian concerns spook market
* U.S. services sector slows in October, helps Treasury prices
* U.S. pending home sales rise less than expected (Adds new quote, updates prices)
By Gertrude Chavez-Dreyfuss
NEW YORK, Oct 27 (Reuters) - U.S. Treasury debt prices inched higher on Monday in a safe-haven bid on concerns about weak U.S. economic data and the steep drop in Brazil's stock market following the re-election of incumbent leftist Dilma Rousseff.
Economic data on the world's largest economy wobbled again on Monday, as a slowing in the U.S. services sector and a less-than-expected rise in pending home sales lifted U.S. bond prices.
U.S. government 30-year bond yields, which move inversely with prices, fell after four straight days of gains, while yields on benchmark 10-year Treasuries slid for a second consecutive session.
"There is concern on the part of global investors about the likelihood that we do return to recession or growth that is significantly below trend," said Kirk Barneby, portfolio manager of the Centre Active U.S. Treasury Fund in New York.
The Brazilian stock market, meanwhile, was down nearly 3 percent, while the real tumbled to a near six-year low against the dollar as Rousseff, who has been blamed for the country's sluggish economy, won re-election Sunday night. Many investors had backed rival candidate Aecio Neves. Brazil's outcome has turned investors cautious on risky assets overall. Continuación...