MW: Treasurys fall on worries of lack of debt deal
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices fell on Monday, pushing long-term bond yields up the most, as investors express concern that U.S. lawmakers have still failed to compromise on a deal to raise the debt ceiling, leaving the risk of a downgrade of the U.S. from AAA, which could wreak havoc on many bond markets tied to Treasury rates. Yields on 10-year notes 10_YEAR +2.16% , which move inversely to prices, rose 4 basis points to 3.01%. Yields on 30-year bonds 30_YEAR +1.93% increased 6 basis points to 4.32%. "Markets are increasingly alarmed by the inability of Washington to forge a consensus on the debt ceiling and global stock markets, the dollar and 30-year bond prices are lower," said bond strategists at RBS Securities.
