NEW YORK: US government debt prices touched session lows in early trading on Tuesday in advance of a $32 billion auction of three-year supply, which is part of this week's $72 billion quarterly refunding.
Three-year notes last traded down 1/32 in price with a yield of 0.3223 percent, while benchmark 10-year debt last traded down 11/32 for a yield of 1.94 percent, up nearly 4 basis points from late on Monday.
The Treasury Department will conduct the three-year auction at 1 p.m. (1800 GMT).
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