* Weak Chinese export data pushes prices higher
* Prices get slight boost after solid 30-year bond auction
* Investors next look to U.S. retail sales, Yellen speech
(Updates to afternoon trading, adds quote, auction result)
By Dion Rabouin
NEW YORK, Oct 13 U.S. Treasury prices rose on
Thursday as weak Chinese data pushed investors to buy safe-haven
government debt after two straight days of selling.
China's exports fell 10 percent for September from a year
earlier, far worse than the 3 percent fall expected, and imports
unexpectedly shrank, suggesting an apparent recovery in the
world's second-largest economy may not be materializing.
"The big story is a little bit more of a global one today,"
said Gennadiy Goldberg, interest rates strategist at TD
Securities in New York.
The bid for Treasuries also may have been a result of
selling over the past two days, Goldberg said. After the
Treasury market closed for the Columbus Day holiday on Monday,
Treasury yields rose across the board on both Tuesday and
Wednesday with benchmark 10-year yields moving above 1.80
percent for the first time in four months in early Wednesday
The 10-year note rose 12/32 in price to yield
1.739 percent, down 4 basis points from late Wednesday to a
nearly one-week low.
The 30-year bond rose 22/32 in price to yield
2.476 percent, its lowest since Oct. 7.
A move lower in U.S. stocks early in the day and solid
demand at a $12 billion auction of 30-year government bonds, the
last part of this week's $56 billion in coupon-bearing supply,
added marginally to price gains during the day.
"The auction was quite positive," said Bruno Braizinha,
interest rates strategist at Societe General in New York.
The in-line demand boosted prices slightly but most of the
move was attributable to risk-off trading as a result of the
poor Chinese data, he said.
Investors will next look to Friday's U.S. retail sales data
and remarks from Federal Reserve Chair Janet Yellen, who will
give a luncheon keynote address at the Boston Fed's 60th
Fed fund futures prices show investors see a 65-percent
chance the Fed will raise rates at least once this year, with
traders overwhelmingly positioned for a December, rather than
(Reporting by Dion Rabouin; Editing by Nick Zieminski and Bill