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TREASURIES-Yields little changed as investors look to upcoming auctions

By Ross Kerber June 7 (Reuters) - Traders left U.S. Treasury yields little changed on Monday as they waited on more details about the outlook for inflation and the results of upcoming government bond auctions this week. The benchmark 10-year yield was up less than a basis point at 1.567% in midday trading on Monday. U.S. equity markets also were stable as investors stayed on the bench and heavyweight technology shares largely shrugged off a deal by the world's richest nations on a global minimum corporate tax. "There's no reason to break out of the range right now," said Cantor Fitzgerald analyst Justin Lederer. He said he expects few factors could move Treasury prices much before a meeting of the U.S Federal Reserve next week. The U.S. Treasury Department is scheduled to auction about $120 billion of notes and bonds starting on Tuesday, the results of which will show investor appetite for three-year, 10-year and 30-year government debt. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations was at 141 basis points, less than a basis point higher than Friday's close. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up less than a basis point at 0.1527%. June 7 Monday 12:05PM New York / 1605 GMT Price Current Net Yield % Change (bps) Three-month bills 0.0225 0.0228 0.003 Six-month bills 0.035 0.0355 -0.002 Two-year note 99-242/256 0.1527 0.004 Three-year note 99-212/256 0.3089 0.006 Five-year note 99-204/256 0.7917 0.008 Seven-year note 100-22/256 1.2371 0.007 10-year note 100-136/256 1.567 0.007 20-year bond 101-104/256 2.1627 0.008 30-year bond 102-208/256 2.2454 0.006 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 7.25 -0.25 spread U.S. 3-year dollar swap 11.25 -0.25 spread U.S. 5-year dollar swap 7.25 -0.25 spread U.S. 10-year dollar swap -2.75 0.25 spread U.S. 30-year dollar swap -28.75 0.25 spread (Reporting by Ross Kerber in Boston Editing by Chris Reese)

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