NEW YORK: The benchmark US 10-year note widened its loss in price to a point after a weak five-year note auction on Tuesday.
The 10-year note was down 32/32 in price, its yield rising to 3.05 percent from 2.93 percent late on Monday.
US Treasury debt prices extended earlier losses after a $35 billion five-year note auction 'tailed,' with its high yield significantly higher than the market yield at the time.
Copyright Reuters, 2011
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