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TREASURIES-U.S. yields pare rise after solid 5-year auction

NEW YORK, May 24 (Reuters) - U.S. Treasury debt yields turned flat on Wednesday, trimming their earlier increase following solid investor demand at a $34 billion auction of a new five-year note, which was part of this week's $88 billion in coupon-bearing government debt supply.

At 1:15 p.m. (1715 GMT), the benchmark 10-year Treasury yield was 2.280 percent, down marginally from Tuesday's close, while the 30-year yield was down nearly 1 basis point at 2.939 percent, Reuters data showed. (Reporting by Richard Leong; Editing by Chris Reese)