MW: Treasurys fall ahead of this week’s auctions
By Greg Morcroft, MarketWatch
NEW YORK (MarketWatch) — Treasury prices fell Tuesday as investors lightened their holdings ahead of a series of government auctions that are set to bring $72 billion of new product on to the market this week.
The U.S. Treasury will sell $32 billion of 3-year notes 3_YEAR +5.71% later Tuesday. Also this week, it will offer $24 billion in 10-year notes 10_YEAR +3.82% and $16 billion in 30-year bonds 30_YEAR +2.52% .
The 10-year traded lower in early dealings as U.S. equities gained and investors were in a mood to embrace greater risk, driving the benchmark note’s yield back up to 1.6%.
Greg Morcroft is MarketWatch's financial editor in New York.
