NEW YORK: US government debt prices pared earlier gains mid-afternoon Thursday after weak demand at an auction of $13 billion worth of 10-year Treasury Inflation-Protected Securities.
Treasuries prices briefly turned flat in reaction to the results on the 10-year TIPS sale, whose overall bidding came in at its weakest since April 2009.
Benchmark US 10-year Treasury notes last traded up 3/32 in price, yielding 1.763 percent, down 1 basis point from Wednesday's close.
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