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NEW YORK: Prices for US Treasuries pared losses after 30-year government bonds fetched a lower yield than the market expected in a debt sale on Thursday.
On the open market, prices for 30-year US Treasuries gave up losses to trade slightly higher, rising 1/32 to yield 3.061 percent, after dropping earlier in the day. Prices for 10-year notes traded down 6/32 to yield 1.88 percent after the auction.
The US Treasury sold $13 billion of 30-year bonds on Thursday at a high yield of 3.070 percent, with a higher than average bid-to-cover ratio.
Center>Copyright Reuters, 2013
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