Treasuries End Advance as U.S. Prepares Debt Sales
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Treasuries snapped a two-day advance as the U.S. prepared to auction $64 billion of notes and bonds next week and the partial shutdown of the government persisted for a fourth day.
Benchmark 10-year note yields rose from almost a seven-week low, trading in the tightest weekly range in almost six months. One-month bill rates matched the highest level since 2009. House Speaker John Boehner tried to unite Republicans on a plan to reopen the government, raise the debt cap and achieve as many political priorities as possible. The Treasury has said it will exhaust measures to avoid exceeding the borrowing limit Oct. 17.