TREASURIES-Steady in Asia ahead of more auctions

TOKYO Dec 29 (Reuters) - U.S. Treasuries were little changed in thin Asian trade on Tuesday as investors braced for more auctions this week.

* The two-year auction on Monday, the first of three scheduled for this week, drew a modest response given the time of year when investors are inactive, analysts said. The Treasury will auction $42 billion worth of five-year notes on Tuesday and $32 billion of seven-year notes on Wednesday.

* Analysts said Treasury yields will likely stay high within tight ranges this week, underpinned by hopes for an economic recovery and if there is no major turbulence in auctions. But once investors fully return to the market in January yields may slip due to corrections, they said.

* The benchmark 10-year Treasury notes US10YTN=RR were steady in price to yield 3.850 percent. The 10-year yield rose above 3.86 percent on Monday, the highest since early August.

* Ten-year note futures TYv1 slipped 2/32 to 115-14.5/32.

* The new two-year notes US2YT=RR auctioned the previous day barely budged in price to yield 1.095 percent, after rising to 1.100 percent, the highest since late August.

* The 30-year bond US30YT=RR dipped 2/32 in price to yield 4.698 percent.

* Besides the five-year note auction, investors will be watching the S&P/Case-Shiller home price index for October at 1400 GMT and U.S. consumer confidence for December at 1500 GMT. ECONUS (Reporting by Kaori Kaneko; Editing by Michael Watson)