10-year rises a point in price after strong auction

U.S. 10-year Treasury notes rose a point in price on Wednesday after strong demand for seven-year notes in an auction gave a stronger bid to Treasury securities across the curve.

The benchmark notes last traded up a point in price to yield 3.36 percent, down from 3.49 percent late Tuesday.

(Reporting by Karen Brettell; Editing by Leslie Adler)