U.S. Two-Year Yields Rise From Almost Record Low Before Auction

Treasury two-year note yields rose from almost a record low before today’s $35 billion auction of the securities on bets Greece’s lawmakers will approve austerity measures needed to secure a bailout.

Yields on 10-year notes increased for the first time in four days as the German government welcomed proposals from French banks and insurers on voluntary participation in a roll-over of Greek debt. Four-week bill rates traded negative today for the first time in more than a year on quarter-end buying amid a shrinking supply of the securities.