TREASURIES-Prices narrowly weaker as traders await Fed
* Fed statement awaited, seen holding rates near zero
* No tweak seen to Fed's "extended period" low-rate pledge
* Losses halved after weaker-than-forecast ISM index
* Treasury to sell $81 billion in notes, bonds next week (Updates after ISM non-manufacturing index)
By Ellen Freilich
NEW YORK, Nov 4 (Reuters) - U.S. government securities prices slipped as traders prepared themselves for next week's Treasury refunding and for the Federal Reserve's statement on monetary policy later on Wednesday.
Dealers must make room for new supply that will arrive next week. The Treasury said earlier on Wednesday it would sell $40 billion in three-year notes, $25 billion in 10-year notes, and $16 billion in 30-year bonds next Monday, Tuesday and Thursday, respectively.
Investors often move to cheapen Treasuries prices ahead of such auctions.
Treasuries halved losses after the Institute of Supply Management said its monthly overall reading on the non-manufacturing sector was weaker than forecast. Continued...
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