Bonds extend losses after 10Y note auction
U.S. government bond prices extended losses slightly on Tuesday after a tepid $8 billion auction of reopened 10-year Treasury notes.
The auction had a bid-to-cover ratio, an indication of demand, of 2.55, below recent averages.
The benchmark 10-year note's price traded down 16/32 for a yield of 5.24 percent
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