BLBG: Treasuries Fall as Stocks Rise, $10 Billion Bond Auction Looms
By Cordell Eddings
Nov. 13 (Bloomberg) -- Treasuries fell as U.S. stocks rose and traders prepared for a sale of $10 billion of 30-year U.S. bonds.
The benchmark 10-year note's yield rose 2 basis points, or 0.02 percentage point, to 3.76 percent at 9:42 a.m. in New York, according to BGCantor Market Data. The 3.75 percent security due in November 2018 dropped 1/8, or $1.25 per $1,000 face amount, to 99 30/32.
The two-year note yield increased 4 basis points to 1.21 percent.
The Standard & Poor's 500 Index gained 0.6 percent.
To contact the reporter on this story: Cordell Eddings in New York at ceddings@bloomberg.net.
