Treasuries fell, extending declines from yesterday, as stocks rose and the U.S. prepared to sell an unprecedented amount of debt next week. Ten- and 30-year securities led the declines as the MSCI World Index of stocks snapped seven days of losses and U.S. equity futures advanced. Next week’s auctions of two-, five- and seven-year notes may total a record $97 billion, according to Wrightson ICAP LLC. “There’s a battle going on in the first half of this year between a massive acceleration in supply and very poor economic numbers,” said David Keeble, the London-based head of fixed- income strategy at Calyon, the investment-banking arm of Credit Agricole SA. “We’re slightly negative on Treasuries.” The 10-year note yield rose three basis points to 2.79 percent as of 10 a.m. in London, according to BGCantor Market Data. The price of the 2.75 percent security due February 2019 fell 8/32, or $2.50 per $1,000 face amount, to 99 21/32. A basis point is 0.01 percentage point. A Bloomberg survey of banks and securities companies projects the 10-year yield will drop to 2.63 percent by March 31, with the most recent forecasts given the heaviest weightings.

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