TREASURIES-Bonds pare prices gains after 7-year auction
NEW YORK Dec 19 (Reuters) - U.S. Treasuries pared earlier price gains on Wednesday after the Treasury sold $29 billion in new seven-year notes to solid demand.
The pullback likely came as dealers repriced the notes due to the earlier run-up in price. Dealers typically sell bonds before an auction to prepare for new supply.
Benchmark 10-year notes were last up 6/32 in price to yield 1.80 percent, up from 1.79 percent before the auction.
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