MW: Treasurys fall ahead of $96 billion in debt sales
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices slipped Monday ahead of the sale of $96 billion in government debt this week. The benchmark 10-year note 10_YEAR +0.48% yield, which rises as prices fall, was up 1 basis point at 2.745%. The 30-year bond 30_YEAR +0.19% yield rose half a basis point to 3.700%, and the 5-year note 5_YEAR +1.04% yield rose 1.5 basis points to 1.549%. The Treasury Department is poised to sell $32 billion in 2-year notes 2_YEAR +2.45% on Tuesday, $35 billion in 5-year notes on Wednesday, and $29 billion in 7-year notes 7_YEAR +1.01% on Thursday. With no data on tap Monday, Treasurys took their tone from a slight preference for risk, with government debt prices slipping as stock futures edged up.
