TREASURIES-Bonds rise in advance of 10-year note auction
*Solid results expected for $25 bln 10-year Treasuries
*Lower stocks, jitters about UK fuel safety bid for bonds
*A bevy of Fed officials to speak on economy
(Updates market action, adds quotes, byline)
NEW YORK, Nov 10 (Reuters) - U.S. government debt prices climbed on Tuesday as investors braced for a sale of $25 billion of benchmark 10-year notes, the second leg of this week's $81 billion quarterly refunding.
A combination of factors fueled a safety bid for Treasuries -- lower U.S. stock index futures, jitters over Britain's credit-worthiness and weaker-than-expected overseas economic data, analysts said.
This climate should bode favorably for longer-dated U.S. government securities despite lingering concerns over the United States' burgeoning deficit and its coveted AAA credit rating.
"There appears to be a distinct desire among investors to stay current and this new 10-year issue will be the current 10-year over the turn (of the year)," said Aaron Kohli, an interest rate strategist with RBS Securities in Stamford, Connecticut. Continued...
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