Treasury Notes Fall a Third Week Amid Greek Bailout Optimism

Treasury notes fell for a third consecutive week amid speculation Greece will secure an aid package from European leaders, discouraging demand for the safest assets.

Yields increased the past two days as reports showed claims for U.S. jobless benefits unexpectedly dropped last week to a four-year low and an index of U.S. leading indicators rose in January. Demand waned Feb. 16 at a Treasury auction of inflation-protected securities, raising concern yields may rise at next week’s auctions of $99 billion of U.S. notes.