Treasury Yield Near 1-Week High as Stocks Cut Demand for Safety
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Treasury yields were near a one-week high as stock gains cut demand for government debt and the U.S. prepared to sell $104 billion of notes this week.
Yields indicate investors are more willing to lend after tests regulators conducted on 91 European banks found 7 need to raise money, MF Global Singapore Ltd., part of the world’s largest broker of exchange-traded futures and options, said in a report. The TED spread, the difference between what banks and the U.S. Treasury pay to borrow for three months, narrowed to 35 basis points, the least since May.