U.S. 10-Year Yields Rise From 2-Week Low on Confidence

Treasury 10-year note yields increased from a two-week low after reports showed U.S. consumer confidence and home sales rose, diminishing the refuge appeal of the securities from Europe’s sovereign debt crisis.

Bonds had rallied earlier for a seventh consecutive day, the longest winning streak in 16 months, after Spanish borrowing costs rose at a debt sale and the International Monetary Fund said Greece’s outlook worsened. Treasury two-year notes being sold today at a $35 billion offering were trading near their record auction low.