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TREASURIES-Thirty-year bonds fall a point in price
November 20, 2012 / 5:00 PM / in 5 years

TREASURIES-Thirty-year bonds fall a point in price

NEW YORK, Nov 20 (Reuters) - U.S. 30-year Treasury bonds fell over a point in price on Tuesday in thin trading as investors took greater hope that lawmakers in Washington will reach a deal to avert a budget crisis.

New supply of $13 billion in Treasury Inflation-Protected Securities scheduled for Wednesday added to selling pressure as dealers prepared to absorb the new sale.

The bonds were last down 1-4/32 in price to yield 2.81 percent, up from 2.76 percent late on Monday.

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