MW: Treasurys down as stocks recoup some of their major losses
By Deborah Levine
NEW YORK (MarketWatch) -- Treasurys declined early Friday, pushing yields up from yesterday's multi-year lows, as U.S. equity futures pointed higher on hopes that Citigroup may sell itself. Ten-year note yields rose 13 basis points to 3.14%. "Rates will likely trade with equities, which are catching their breath after yesterday's saga," said T.J. Marta, fixed-income strategist at RBC Capital Markets. Richmond Federal Reserve President Jeffrey Lacker, Philadelphia Fed President Charles Plosser and Chicago Fed President Charles Evans are scheduled to speak throughout the day.
