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Treasury 10-Year Yields Rise From Record on Eased Europe Concern

Treasury 10-year note yields rose from a record low on speculation China may seek to buy more European bonds, easing the haven appeal of U.S. government debt from the Europe’s widening sovereign-debt crisis.

The U.S. government sold $32 billion of three-year securities at a record low yield in the first of three note and bond offerings this week totaling $66 billion. Bill Gross, who runs the world’s biggest bond mutual fund at Pacific Investment Management Co., increased his holdings of Treasuries to the highest since December 2010. U.S. stocks rose.