TREASURIES-Bonds extend gains after 7-year note auction

Published: 25 Jun 2009 17:31:41 PST

NEW YORK, June 25 - U.S. Treasury debt prices extended gains on Thursday, with the 30-year bond trading over a full point higher, after strong demand in an auction of $27 billion of seven-year notes.

Benchmark 10-year Treasury notes were trading 21/32 higher in price for a yield of 3.61 percent, down from 3.69 percent late on Wednesday, while the 30-year bond was 1-4/32 higher for a yield of 4.36 percent from 4.43 percent.