TREASURIES-Steady in Asia after post-auction rally

TOKYO, Dec 30 (BestGrowthStock) – U.S. Treasuries were steady in Asia
on Thursday after yields fell sharply the day before when a solid
seven-year note auction encouraged investors to purchase U.S.
government debt.

* Analysts said bond purchases scheduled for next week as
part of the Federal Reserve’s $600 billion quantitative easing
programme may have helped spur demand in the $29 billion auction
of seven-year notes, which helped lift the overall market.

* The yield on seven-year notes (US7YT=RR: ) was up about 2
basis points at 2.7426 percent from 2.721 percent late on
Wednesday, but well below 2.88 percent late Tuesday before the
auction.

* U.S. benchmark 10-year Treasury notes (US10YT=RR: ) inched up
2/32 in price to 93-30.5/32, with the yield down 1 basis point at
3.3489 percent and well below 3.49 percent on Tuesday.

* The five-year note yielded 2.0292 percent, little changed
from 2.036 percent late on Wednesday.

* The fall in Treasury yields promted currency traders to
sell the dollar broadly, with the U.S. currency hitting a
seven-week low against the yen and a 28-year low against the
Australian currency. [FRX/]

* T-note futures (TYv1: ) inched up 1.5/32 in price to
120-6.5/32.
(Reporting by Chikako Mogi; Editing by Chris Gallagher)

TREASURIES-Steady in Asia after post-auction rally