MW: Treasurys weaken on G-20 liquidity discussions
By MarketWatch
NEW YORK (MarketWatch) -- Treasurys weakened Friday, prompting yields to rise, as members of the G-20 expressed their commitment to policies aiming at helping liquidity flow into global markets. The 10-year note [10_year] yield rose 1 basis point to 1.699% while the 30-year bond 30_YEAR +0.49% yield rose nearly 2 basis points to 2.879% and the 5-year note 5_YEAR +0.72% yield grew less than a basis point to 0.698%. Treasury yields swung back and forth this week, hitting a year-to-date low yield on Wednesday. Treasury Inflation-Protected Securities, which had a weak auction Thursday, continued to weaken overnight as the market sold off. The Treasury Department sold $18 billion of 5-year notes at -1.311% but the market yield continued climbing 6 more basis points to -1.2517%.
