* U.S. 10-year yield down after seven sessions higher * Well-bid auction weighs further on U.S. yields * Oil falls on demand concern despite U.S. inventory fall * Global asset performance tmsnrt.rs/2yaDPgn * World FX rates tmsnrt.rs/2egbfVh (Updates prices, adds Nikkei futures) NEW YORK, Jan 13 (Reuters) - Treasury yields fell on Wednesday after Federal Reserve officials steered clear of tightening monetary conditions any time soon despite expectations of higher inflation, while stocks and the dollar edged higher. The U.S. benchmark yield was on track to post its first full-session decline in 2021, even as a jump in gasoline prices pushed inflation higher last month. Consumer prices are expected to run hotter in a couple of months when March and April of 2020, which saw very low inflation, fall off the yearly reading. Several Fed policymakers pushed back against the idea of the Fed tapering its asset purchases any time soon, however. The climb in yields is expected to resume, partly due to a massive stimulus package from the incoming administration of President-elect Joe Biden, who takes office on Jan. 20. Stocks edged up as Europe was boosted by deals and U.S. tech stocks were supported by a change of leadership at Intel , which jumped 7.7%. On Wall Street, the Dow Jones Industrial Average fell 3.83 points, or 0.01%, to 31,064.86, the S&P 500 gained 9.25 points, or 0.24%, to 3,810.44 and the Nasdaq Composite added 58.79 points, or 0.45%, to 13,131.22. The pan-European STOXX 600 index rose 0.11% and MSCI’s gauge of stocks across the globe gained 0.30%. Emerging market stocks rose 0.69%. MSCI’s broadest index of Asia-Pacific shares outside Japan had closed 0.62% higher, while Nikkei futures rose 0.92%. The U.S. dollar index rose for the fourth time in five sessions, still not far from near three-year lows hit last week. The greenback has found support from expectations of a continued economic recovery in the United States, even as countries in Europe resort to lockdowns to fend off a second COVID-19 wave. “You are seeing a continuance of the U.S. outperformance trade,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto. The dollar index rose 0.353%, with the euro down 0.43% to $1.2155. The Japanese yen weakened 0.10% versus the greenback at 103.85 per dollar, while sterling was last trading at $1.3631, down 0.23% on the day. An auction of $24 billion in 30-year bonds was well bid, further pressuring yields lower. Benchmark U.S. 10-year notes last rose 15/32 in price to yield 1.0883%, from 1.138% late on Tuesday. Oil prices fell as the threat of lower demand due to rising global COVID-19 cases outweighed support from a greater-than-anticipated drop in U.S. crude inventories. “While I see crude prices trading higher over the coming months, investors need to be mindful that the road to higher oil demand and prices will remain bumpy,” UBS oil analyst Giovanni Staunovo said. U.S. crude recently fell 0.66% to $52.86 per barrel and Brent was at $56.02, down 0.99% on the day. Spot gold dropped 0.1% to $1,853.44 an ounce. Silver fell 0.75% to $25.38. Bitcoin last rose 5.54% to $35,919.47.