By Gertrude Chavez-Dreyfuss
NEW YORK, Jan 9 (Reuters) – U.S. Treasury yields were little changed to slightly higher on Tuesday, with prices weighed down by a slew of government and corporate bond issuance, and investors anxiously awaiting key inflation reports later this week.
The U.S. Treasury will auction on Wednesday $52 billion in three-year notes. The market seemed to be setting up for this auction in a process called “concession,” analysts said, by selling Treasuries before a sale, pushing their yields higher. Investors can they can buy them back at a lower price.
U.S. 10-year notes and 30-year bonds are on tap for sale on Wednesday and Thursday.
“Today and probably tomorrow, we’re looking at where the demand comes from in the auctions,” said Tom di Galoma, managing director & co-head of global rates trading, at BTIG in New York.
“My feeling is that the three-year will not be an issue. The 10-year and the 30-year would be more of a…
