MW: Treasurys up on overseas buying before auction
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices rose on Tuesday, as overseas investors were drawn in by yields at multi-month highs. The buying interest should bode well for the government's sale of $40 billion in 3-year notes (UST3YR 1.74, +0.08, +4.58%) during the session. Also due for release are the minutes of the Federal Reserve's latest policy meeting. Yields on benchmark 10-year notes (UST10Y 3.98, +0.05, +1.27%) , which move inversely to prices, fell 4 basis points to 3.95%. The yield touched 4% on Monday for the first time since June.
