Reuters logo
TREASURIES-Bonds pare prices gains after 7-year auction
December 19, 2012 / 6:21 PM / 5 years ago

TREASURIES-Bonds pare prices gains after 7-year auction

NEW YORK, Dec 19 (Reuters) - U.S. Treasuries pared earlier price gains on Wednesday after the Treasury sold $29 billion in new seven-year notes to solid demand.

The pullback likely came as dealers repriced the notes due to the earlier run-up in price. Dealers typically sell bonds before an auction to prepare for new supply.

Benchmark 10-year notes were last up 6/32 in price to yield 1.80 percent, up from 1.79 percent before the auction.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below