MW: Treasurys fall as economic stimulus looks more likely
By Deborah Levine
NEW YORK (MarketWatch) -- Treasurys declined Monday, sending yields up, as President-elect Barack Obama pledged massive new infrastructure investment and Congress appeared closer to a deal to rescue the U.S. auto industry. Ten-year note yields rose 5 basis points to 2.75%. Investors worried that additional spending to stimulate the economy will lead to even more debt issuance, already expected to blow through records. The Treasury Department will announce Monday how much in three-year and 10-year notes is plans to auction later this week.
