NEW YORK Dec 17 U.S. 30-year Treasuries bonds
dropped a full point in price on Monday as dealers prepared for
new Treasury supply and as some investors were more optimistic
that lawmakers in Washington will reach a deal to avert a fiscal
crunch of tax hikes and spending cuts that may harm economic
The Treasury sold $35 billion in two-year notes on Monday
and will auction an additional $35 billion in five-year notes on
Tuesday, $29 billion in seven-year notes on Wednesday and $14
billion in five-year Treasury Inflation-Protected Securities
(TIPS) on Thursday.
The thirty-year bond yields rose to 2.92 percent
on Monday, up from 2.87 percent late on Friday.