U.S. Treasuries prices pare losses after debt sale
NEW YORK Jan 10 (Reuters) - Prices for U.S. Treasuries pared losses after 30-year government bonds fetched a lower yield than the market expected in a debt sale on Thursday.
On the open market, prices for 30-year U.S. Treasuries gave up losses to trade slightly higher, rising 1/32 to yield 3.061 percent, after dropping earlier in the day.
Prices for 10-year notes traded down 6/32 to yield 1.88 percent after the auction.
The U.S. Treasury sold $13 billion of 30-year bonds on Thursday at a high yield of 3.070 percent, with a higher than average bid-to-cover ratio.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.