NEW YORK: US Treasuries prices extended their earlier drop on Thursday after weak investor demand at a $15 billion auction of 10-year Treasury Inflation Protected Securities resulted in their highest yield since May 2011.

The 30-year bond was down as much as 1 point in price with a yield of 2.808 percent. It was last down 24/32 in price, yielding 2.793 percent, up 4 basis points from late on Wednesday.

Copyright Reuters, 2016