TREASURIES-Rise in Asia as investors hunt bargains

TOKYO, July 10 (Reuters) - U.S. Treasuries rose in Aisa on Friday with investors hunting bargains on relief that this week's $73 billion worth of bond auctions are out of the way. * The benchmark 10-year yield posted its biggest rise in three weeks the previous day, jumping from a seven-week low of 3.28 percent hit on Wednesday, as market participants locked in profits after a rally in the past month.

* Ten-year notes US10YT=RR climbed 8/32 in price on Friday to yield 3.382 percent, down 3 basis points from late U.S. trade on Thursday. U.S. Treasuries have experienced a four-week-long bull market after the benchmark 10-year yield rose above 4 percent on June 11.

* Thursday's $11 billion 30-year bond sale produced mixed results, but investors were relieved the market has digested the week's new debt supply without any major upsets. Supply concerns have temporarily abated as there is no auction scheduled next week.

* Some Japanese investors picked up Treasuries after last week's weaker-than-expected jobs data cooled optimism that the U.S. economy is due for a quick recovery, a bond trader at a Japanese brokerage said.

* The 10-year yield has shifted to a 3.2-3.5 percent range from its previous 3.5-4.0 percent range, said Yasutoshi Nagai, a senior economist at Daiwa Securities SMBC.

* The two-year note US2YT=RR was unchanged in price to yield 0.925 percent. The 30-year bond US30YT=RR rose 7/32 in price to yield 4.289 percent, down 2 basis points. (Reporting by Rika Otsuka; Editing by Joseph Radford)