MW: Treasurys slide as equities recover from last week
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices fell Monday, pushing yields up from historic lows touched recently, as traders eyed gains in stocks and positioned for a trio of U.S. government auctions this week. "This week opens with Treasurys under modest pressure overnight as global equities have stabilized - a move more consistent with a bounce off the lows in stock and a slight retracement of the recent highs for bonds than a broader reversal of a trending market," said Ian Lyngen, a bond strategist at CRT Capital Group. Yields on 10-year notes 10_YEAR +2.76% , which move inversely to prices, rose 5 basis points to 2.12%.
