Treasuries Decline, Pushing 10-Year Yield Up From 19-Month Low
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Treasuries fell, pushing the yield on the 10-year note up from a 19-month low as U.S. stocks erased declines, reducing demand for a refuge.
Yields on five-year notes advanced from the lowest level since December 2008 after the government’s $36 billion auction of the securities drew a higher yield than traders forecast. U.S. debt rallied earlier as government reports showed new-home sales unexpectedly tumbled in July and orders for durable goods rose less than economists forecast.