TREASURIES-US 7-year notes trade a point lower in price

NEW YORK, Dec 7 (BestGrowthStock) – U.S. seven-year Treasury debt
traded a point lower in price on Tuesday, extending losses as a
proposed extension of tax cuts raised some concerns over the
federal government’s ability to meet its long-term debt
burden.

The dip in prices pushed the yield on the benchmark 10-year
Treasury note (US10YT=RR: ) up through 3.08 percent, a level
which analysts had identified as technical support for prices.

The seven-year note (US7YT=RR: ) was trading 1-1/32 lower in
price to yield 2.41 percent, up from 2.25 percent late Monday,
while the 10-year note was trading 1-9/32 lower to yield 3.08
percent compared with 2.93 percent.
(Reporting by Chris Reese: Editing by Chizu Nomiyama )

TREASURIES-US 7-year notes trade a point lower in price