U.S. 10-Year Yield Trades Close to Two-Week High on Europe Talks
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Treasuries fell, pushing 10-year note yields close to two-week highs, as concern ebbed that Europe’s leaders will fail to contain region’s three-year debt crisis, reducing haven demand.
U.S. 10-year yields rose the most on a weekly basis since September as finance ministers from the euro area prepare to hold a meeting on Nov. 26 to discuss unlocking bailout funds for Greece, after failing to reach an agreement earlier this week. The U.S. will sell $99 billion in notes next week.