TREASURIES-Bonds turn positive as weak stocks stoke safety bid

Thu Nov 12, 2009 2:40pm EST
 
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NEW YORK, Nov 12 (Reuters) - U.S. Treasury debt prices shed losses to trade positive on Thursday as stocks neared session lows and sapped the safe-haven bid for U.S. government securities.

Bonds were also bolstered by relief after the successful completion of a record-large $81 billion round of notes and bonds auctions this week, analysts said.

Benchmark 10-year Treasury notes US10YT=RR were trading with a yield of 3.45 percent, down from a high yield of 3.47 percent in an auction of the 10-year notes on Tuesday, while the 30-year bond US30YT=RR was 7/32 higher in price to yield 4.40 percent from 4.41 percent late on Tuesday. (Reporting by Chris Reese: Editing by Diane Craft)

 

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