Prices for U.S. 30-year Treasuries turn positive after debt sale

NEW YORK Thu Nov 8, 2012 1:10pm EST

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NEW YORK Nov 8 (Reuters) - Prices for U.S. 30-year bonds pared losses and jumped into positive territory on Thursday after the U.S. Treasury sold $16 billion in 30-year bonds.

The bonds, which had been falling in the open market before the sale, reversed course and advanced 29/32 to yield 2.785 percent, which saw a high yield of 2.820 percent.

Prices for U.S. 10-year notes also pared losses to turn slightly positive, up 01/32 to yield 1.640 percent.