Treasuries Slip While Dollar Gains; Greece Outlook Boosts Stocks

By Jeremy Herron and Emma O’Brien

June 22, 2015 at 11:05 PM UTC

Updated on

June 23, 2015 at 9:53 PM UTC

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Treasuries fell, while the dollar rallied versus the euro amid prospects U.S. interest rates will be increased while Europe maintains stimulus efforts. The Standard & Poor’s 500 Index neared a record and shares from Germany to France jumped amid optimism Greece will clinch a bailout deal.

Yields on 10-year Treasury notes climbed a second day, adding four basis points to 2.41 percent by 5 p.m. in New York, as the dollar gained 1.5 percent to $1.1167 per euro. The S&P 500 rose 0.1 percent to close about half a percentage point from an all-time high, while the Nasdaq Composite Index and Russell 2000 Index set fresh records. The Stoxx Europe 600 Index capped its biggest two-day gain since January. Gold extended losses as oil advanced before U.S. stockpiles data.