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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (28369)	1/12/2012 2:41:56 PM
From: chartseer	Respond to of 222678

Jan 12 (Reuters) - U.S. Treasury debt prices fell on Thursday after the U.S. Treasury sold 30-year bonds in a weak auction, its final coupon sale of the week. The Treasury sold $13 billion in reopened (29-year, 10-month) bonds at a high yield of 2.985 percent, awarding 69.8 percent of the bids at the high. The ratio of bids received over those accepted was just 2.6, below the average of 2.81 in the four most recent auctions and an average of 2.68 in 2010, said CRT Capital strategist Ian Lyngen. The 30-year bonds sold at a high yield that was more than 3 basis points above its when-issued yield at the 1 p.m. EST (1800 GMT) bidding deadline. Primary dealers took 60.9 percent of the sale, the highest amount since August 2011. The 30-year Treasury bond, up 10/32 in price before the auction, erased that gain and traded down 10/32 afterward, its yield rising to 2.99 percent