TREASURIES-30-year bonds briefly trade a point higher in price

NEW YORK Thu Dec 27, 2012 2:45pm EST

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NEW YORK Dec 27 (Reuters) - U.S. 30-Year Treasury bonds traded a point higher in price on Thursday as investors bought into the reduced risk of U.S. government debt in fears no deal will be reached to fend off the "fiscal cliff" of tax hikes and spending cuts next year.

After trading a point higher in price, 30-year bonds settled back to trade 31/32 higher in price to yield 2.87 percent, down from 2.92 percent late Wednesday.

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