Treasury prices are slipping as a government auction boosts supply of 30-year bonds, The Associated Press reports.
The price of the 10-year note has fallen 18.75 cents to $99.094 Thursday afternoon, while its yield edged up to 2.73 percent from 2.69 percent late Wednesday.
The price on the 30-year bond is down 6.25 cents at $107.844, while its yield is flat at 3.93 percent.
The government auctioned $16 billion in 30-year bonds. The bid-to-cover ratio, a measure of demand, was 2.77, down from 2.89 for a similar auction last month. Indirect bidders, a measure of foreign demand, jumped to about 46 percent from 37 percent.
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The government also held auctions this week that boosted the supply of three- and 10-year notes.
