By Susanne Walker May 13 (Bloomberg) -- Treasuries were little changed before a $16 billion sale 30-year bonds, the final of three note and bond sales this week totaling $78 billion. The yield slipped from the highest in more than a week as the euro weakened for a third day. Futures on the Standard & Poor’s 500 Index rose 0.2 percent. Economists say that a Labor Department report will show jobless claims fell last week. “The last leg of this week’s refunding is the main event of interest in today’s session,” said Ian Lyngen, a government bond strategist at CRT Capital Group LLC in Stamford, Connecticut. “We have steepened dramatically over last several days as part of the post European bailout selloff.” The 30-year bond yield was unchanged at 4.48 percent at 7:50 a.m. in New York, after touching 4.49 percent earlier, the highest since May 4, according to data compiled by Bloomberg. The 4.625 percent security due February 2040 was little changed at 102 13/32. Ten-year yields were at 3.56 percent. The difference between yields on 2- and 10-year notes, known as the yield curve, was 2.70 percentage points, compared with 2.60 percentage points a week ago. To contact the reporter on this story: Susanne Walker in New York at swalker33@bloomberg.net

Source