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Investors losing taste for pricey Treasurys?

Trader on the floor of the New York Stock Exchange.
Getty Images

The market may have had its fill of pricey long bonds.

The Treasury's auction of $16 billion 30-year bonds got the cold shoulder from big investors, and as a result the yield zipped higher and dealers stepped in to buy the bulk of the securities.

The auction was priced to yield 3.44 percent, above the final when-issued trade of 3.40, and the lowest yield at auction for a 30-year since June 2013.