TREASURIES-Steady in Asia, 2-year auction eyed

TOKYO, July 27 (Reuters) - U.S. Treasuries were little changed in Asia on Tuesday as investors awaited this week's debt auctions totalling $104 billion.

* The Treasury Department will sell $38 billion in two-year notes later in the day -- the first of this week's three bond sales. Five-year and seven-year notes will be auctioned on Wednesday and Thursday respectively.

* Few were worried about the market digesting the debt supply, despite the fact that the two-year yield was hovering near an all-time low of 0.5560 percent hit last week. A smaller auction size should help Tuesday's bond sale go smoothly, traders said.

* "Bond investors don't have views on the U.S. economy as upbeat as the U.S. stock market does," said a senior bond trader at a Japanese brokerage. "Rises in Treasury yields are expected to be limited as uncertainty on the economy is unlikely to go easily."

* The benchmark 10-year note was up 0.5/32 in price to yield 2.994 percent US10YT=RR, barely moved from late U.S. trade. The bond yield briefly rose above 3 percent on Monday when data showed home sales surged in June. <ID:nN26129525>

* The two-year yield stood at 0.601 percent US2YT=RR, up about 0.5 basis point from levels seen in late U.S. trade on Monday. The 30-year note yield was steady at 4.021 percent US30YT=RR.

* Data due for release later in the day includes the Conference Board's July report on consumer confidence, the Richmond Fed's monthly manufacturing index for July and Standard & Poor's/Case Shiller home price indexes for May. [ECI/US]

* The MSCI index of Asia Pacific shares outside Japan .MIAPJ0000PUS rose 0.6 percent after solid corporate earnings, coupled with encouraging home sales, lifted U.S. stocks on Monday. (Reporting by Rika Otsuka; Editing by Joseph Radford)