UPDATE 2-Weak trading, bleak commissions drag profits drown for China's brokers
* 2017 bright spots include bonds, IPOs, M&A (Recasts with overview on brokerages; adds background on other brokerages)
NEW YORK, March 9 The U.S. Treasury Department on Thursday sold $12 billion of an older 30-year bond issue to average demand at a yield of 3.170 percent, the highest yield at a 30-year auction since September 2014, according to Treasury data.
The ratio of bids to the amount of 30-year issue offered was 2.34, up from 2.25 at the prior 30-year bond sale in February and the strongest level in three auctions. (Reporting by Richard Leong; Editing by Lisa Von Ahn)
* Trump vows to move on to tax cut legislation (Adds Trump quotes, lawmaker reaction)
WASHINGTON, March 24 After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump's next priority: overhauling the federal tax code, but their plan has already split the business community.