Treasuries Flat Before Treasury Note Sale By Ellen Freilich NEW YORK (Reuters) - U.S. Treasury prices opened unchanged on Wednesday ahead of a $24.0 billion two-year Treasury note auction scheduled for later in the session. The market was flat after steadying on Tuesday following a three-day selloff. Most trading desks are operating with a reduced staff between holidays. Analysts said this could create a somewhat thinner bid for the new two-year notes, but that the auction would still attract reasonable demand. One analyst said the market could see a little more price cutting at the short end of the maturity curve to facilitate the sale of the new two-year notes. At 8:35 a.m. EST, the 10-year Treasury note (US10YT=RR: Quote , Profile , Research ) was unchanged, yielding 4.295 percent. In the recent selloff, the 10-year yield peaked near 4.35 percent. Overnight, prices also remained flat and the market quiet. Another record low of the euro (EUR=: Quote , Profile , Research ) against the dollar did not have a discernible impact on Treasuries though in general, the dollar's slide has encouraged investors to short Treasuries and buy euro-denominated debt. Oil prices edged higher for the second day on Wednesday, supportive at the edges for Treasuries. Higher oil prices are seen as a potential tax on consumer spending because they shrink consumers' disposable income, potential spending, and consequently, potential economic growth. The release of the Weekly Mortgage Market Index, which showed a decline for the week ended Dec. 24, had no market impact. Existing home sales data, due at 10 a.m. EST should have little market impact, analysts said. The 23 economists polled by Reuters offered a median estimate of an annualized 6.75 million existing home sales for November, unchanged from October.     Continued ... Quelle "Treasuries Flat Before Treasury Note Sale" : reuters.com Main page for "Treasuries Flat Before Treasury Note Sale"