TREASURIES-US bond prices add to losses after 30-yr auction

NEW YORK Wed Nov 10, 2010 1:10pm EST

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NEW YORK Nov 10 (Reuters) - The prices of U.S. Treasury securities fell on Wednesday following a weak $16 billion sale of 30-year bonds by the U.S. Treasury Department.

The 30-year bond US30YT=RR gave up 1-4/32 in price to yield 4.32 percent, up from 4.25 percent late on Tuesday.

The high yield at the 30-year auction was significantly higher than the yield at which long bonds were trading simultaneously in the open market, meaning bidders at the auction were demanding cheaper prices before buying the bonds.

The ratio of bids in the auctions to securities sold was low, another indicator that the auction was weak.

Prices for other Treasuries also fell as the seven-year note US7YT=RR was off 7/43 to yield 1.93 percent, up from 1.90 percent at Tuesday's close.

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