MW: Treasurys down as good overseas data helps stocks
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices slipped on Friday, pushing yields up, as positive economic data from the U.K. and Germany supports stocks, with benchmark indexes in Europe higher and U.S. equity futures pointing to a positive opening on Wall Street. With no U.S. economic data, the main event of the day will be the official release of the results of stress tests for European banks, expected around midday Eastern time. "Enthusiasm about today's E.U. stress test results have supported global stock markets and pressured Treasurys, bunds and gilts," said strategists at RBS Securities, referring to U.S., U.K. and German government debt. Yields on U.S. 10-year notes (UST10Y 2.98, +0.05, +1.54%) , which move inversely to prices, rose 3 basis points to 2.98%.
