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Treasuries weaken further after Fed TIPS purchase

Tue May 26, 2009 11:15am EDT

NEW YORK, May 26 (Reuters) - U.S. Treasury debt prices weakened further on Tuesday after the Federal Reserve bought $1.55 billion of the $8.52 billion of Treasury Inflation Protected Securities (TIPS) dealers had submitted.

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The benchmark 10-year Treasury note's yield, which moves inversely to its price, rose to 3.46 percent US10YT=RR, from 3.45 percent shortly before details of the Fed operation. (Reporting by John Parry; Editing by Leslie Adler)

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