TOKYO, Oct 10 (Reuters) - U.S. Treasuries were steady inAsian trading on Wednesday, as continued fears of slowing globalgrowth kept demand for fixed-income assets firm.
* Yields on ten-year Treasuries slipped in Asiato 1.714 percent from 1.715 percent in late U.S. trade onTuesday.
The 10-year yield had hit a peak around 1.74 percent onFriday, the highest level in about two weeks, afterbetter-then-expected U.S. employment data.
* Yields on 30-year Treasuries were steadyfrom late U.S. trade at 2.930 percent.
* "The jobs data last week was good, and some recent U.S.indicators have shown signs of strength, but there are manyother factors," said Ayako Sera, senior market economist atSumitomo Mitsui Trust Bank in Tokyo.
"The U.S. presidential election coming in a few weeks, andthen after that there is the 'fiscal cliff' issue," she said,referring to expiring tax cuts and public outlay reductions thatwill take effect early next year unless Congress can agree todelay or scrap them.
"It is hard to see rates rising much," she added.
* Federal Reserve Vice Chairwoman Janet Yellen emphasized ina speech in Tokyo that the central bank remains committed to itseasy policy.
"Low short-term interest rates are essential to stimulaterecovery in the U.S. economy and bringing down unemployment. Wedo have weakness in the U.S. economy and expectations that thiswill continue for some time, which justifies the Fed's assetpurchases and is a factor that keeps long-term interest rateslow," Yellen said at an event sponsored by the InternationalMonetary Fund and the Japanese Ministry of Finance.
* On the supply side, the Treasury Department will sell $21billion in 10-year debt later on Wednesday, followed by $13billion in 30-year bonds on Thursday.
On Tuesday, it sold $32 billion in three-year notes at ahigh yield of 0.346 percent.
Also on Tuesday, the Federal Reserve bought $1.89 billion inTreasuries due in February 2036 to August 2042, as part of itsOperation Twist stimulus program under which it sellsshorter-dated Treasuries and buys longer-dated issues in a bidto lower long-term rates.
(Reporting by Lisa Twaronite; Editing by Richard Pullin)
Keywords: MARKETS TREASURIES ASIA/