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TREASURIES-Bonds regain footing after supply dip

Thu May 28, 2009 10:41pm IST
 
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NEW YORK, May 28 (Reuters) - U.S. Treasuries rose on Thursday, but only after giving up most of their sharp early gains as the market struggled to absorb an auction of seven-year notes.

After the auction, the benchmark 10-year Treasury note US10YT=RR moved down 2/32 in price, yielding 3.75 percent, before bouncing back a bit.

It was last up 7/32, yielding 3.71 percent.

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