December 17, 2012 / 6:25 PM / 5 years ago

TREASURIES-Thirty-year bonds fall a point in price

NEW YORK, Dec 17 (Reuters) - 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 growth.

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.

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