Treasury 10-Year Yields Rise From Almost Record as Stocks Rally
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Treasuries dropped, pushing 10-year note yields up from almost record lows, as stocks gained after finance chiefs including Treasury Secretary Timothy F. Geithner urged Europeans to step up efforts to contain the debt crisis.
Yields on 30-year bonds rose after tumbling last week the most in almost three years as the Federal Reserve said it would purchase longer-term debt and sell shorter maturities to support the economy by keeping borrowing costs low. The Treasury Department is auctioning $99 billion of notes this week.