By Anchalee Worrachate April 29 (Bloomberg) -- Treasuries fell as stocks advanced amid signs the European Union is near to concluding a rescue package for Greece, damping demand for the safest assets. The decline sent the 10-year yield to within 6 basis points of its highest in more than a week. EU Economic and Monetary Affairs Commissioner Olli Rehn said “we are about to conclude talks” on Greece. The U.S. Treasury is scheduled to sell $32 billion of seven-year notes today, the last of four auctions this week totaling a record $129 billion. The Stoxx Europe 600 Index, snapped two days of losses, climbing 1 percent. “Equities stabilized a bit and that took a shine off Treasuries,” said Nick Stamenkovic, a fixed-income strategist at RIA Capital Markets in Edinburgh, a broker for banks and investors. “The medium-term outlook for U.S. funding remains grim.” The yield on the benchmark 10-year note rose 1 basis point to 3.77 percent as of 7:05 a.m. in New York, according to BGCantor Market Data. The 3.625 percent security due in February 2020 fell 3/32, or 94 cents per $1,000 face amount, to 98 24/32. To contact the reporters on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net; Wes Goodman in Singapore at wgoodman@bloomberg.net.

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