The Treasury is selling $177 billion in seven auctions spread over eight trading days. This began on Monday with $32 billion in three-year notes, and will be followed by $21 billion in 10-year notes on Tuesday and $13 billion in 30-year bonds on Wednesday. Benchmark 10-year notes were down 4/32 in price to yield 2.03 percent. Thirty-year bond yields inched higher to 3.07 percent. Federal Reserve policy-setting Federal Open Market Committee announces its decision after a one-day meeting at 1915 GMT. In a Reuters poll, primary dealers expect the Fed to leave the Fed funds rate in the current 0.0 percent to 0.25 percent range. Some analysts expect the Fed to wait until a two-day meeting on Jan. 24-25 before launching any new initiatives. The fear of contagion from the euro zone's debt woes continued after the two-day European Union summit left investors uncertain about the details and timing of any steps to stem the crisis. The continuing uncertainty will keep safe-haven Treasuries from being sold off much even as the market absorbs the new supply, market participants said.