Bloomberg News

Treasuries Fall on Speculation Yields Too Low Before Auction

June 07, 2011

June 7 (Bloomberg) -- Treasuries fell amid speculation recent gains had driven yields too low before auctions of $66 billion in debt this week.

The yield on the benchmark 10-year note rose two basis points to 3.01 percent as of 7:26 a.m. in London.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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