Treasury sells 3-years at lowest rate since Nov.

NEW YORK — Government bond prices are mostly lower after the government managed to borrow from investors at the lowest rate in seven months.

The Treasury sold $32 billion in three-year notes Tuesday afternoon in the first of three auctions this week. The notes were priced to yield 0.76 percent, the lowest rate set at a three-year auction since last November.

Traders have rushed into Treasurys in recent weeks on signs the economic recovery was becoming sluggish. When bond prices rise, yields fall.

Most Treasury prices dipped slightly Tuesday after making large gains last week.

In late afternoon trading, the price of the 10-year Treasury note was down 43.7 cents for every $100 invested. The yield rose to 3.04 percent, up from 3.01 percent late Monday.

The 30-year bond was down 78.1 cents.