MW: Treasurys up before 3-year auction, voting results
By Deborah Levine
SAN FRANCISCO (MarketWatch) -- Long-term Treasury prices rose on Tuesday, while short-term debt was little changed, as traders have the distraction of the 3-year note auction 3_YEAR +0.80% while waiting for the outcome of the U.S. presidential election. The first of three auctions this week is expected to garner sufficient foreign demand undeterred by uncertainty about the U.S. election. "I do not think election dynamics will have much of an impact" on the auction, said Bill O'Donnell, a bond strategist at RBS Securities. Benchmark 10-year yields 10_YEAR +0.65% , which move inversely to prices, fell 2 basis points to 1.70%.
