NEW YORK Nov 10 The prices of U.S. Treasury
securities fell on Wednesday following a weak $16 billion sale
of 30-year bonds by the U.S. Treasury Department.
The 30-year bond US30YT=RR gave up 1-4/32 in price to
yield 4.32 percent, up from 4.25 percent late on Tuesday.
The high yield at the 30-year auction was significantly
higher than the yield at which long bonds were trading
simultaneously in the open market, meaning bidders at the
auction were demanding cheaper prices before buying the bonds.
The ratio of bids in the auctions to securities sold was
low, another indicator that the auction was weak.
Prices for other Treasuries also fell as the seven-year
note US7YT=RR was off 7/43 to yield 1.93 percent, up from
1.90 percent at Tuesday's close.