NEW YORK (AP) - U.S. Treasury prices were little changed following a successful auction of three-year notes.
The government raised $32 billion in the sale Tuesday. The notes sold at a yield of 0.37 percent. Demand was about average. Bond buyers placed $3.52 in bids for every $1 on offer, slightly more than the $3.50 average of the previous four.
Treasury prices have been rising in recent weeks because of concerns about the global economy. Investors tend to buy Treasurys when they want to reduce risk and hold easily tradable securities.
In Europe, finance ministers agreed on terms of a bailout for Spain's banks. There were concerns that some details were missing from the plan.
The yield on the benchmark 10-year Treasury note was 1.51 percent, unchanged from Monday. The price edged up 9.3 cents for every $100 invested.
The yield on the 30-year bond fell to 2.60 percent from 2.62 percent. Its price rose 53 cents for every $100.
The yield on the two-year note rose slightly to 0.28 percent from 0.27 percent.
In the market for short-term Treasurys, the yield on the three-month T-bill rose to 0.09 percent from 0.07 percent.
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