TREASURIES-Prices extend losses after 5-year note auction

NEW YORK Tue Jan 29, 2013 1:16pm EST

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NEW YORK Jan 29 (Reuters) - U.S. Treasury debt prices deepened losses following an auction of $35 billion of five-year Treasury notes on Tuesday.

Benchmark 10-year Treasury notes were trading 7/32 lower in price to yield 1.99 percent, up from 1.96 percent late Monday. The notes had been trading 5/32 lower in price directly ahead of the auction.

Benchmark yields briefly broke above two percent on Monday for the first time since April.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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