Treasuries Snap 2-Day Loss Before $24 Billion 10-Year Note Sale
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Treasuries advanced for the first time in three days on demand before the U.S. sells $24 billion in 10-year notes at yields almost at the highest level at an auction of the maturity in two years.
U.S. debt rose as stocks fell and risk appetite ebbed with the yen reaching a seven-week high versus the dollar amid bets the Bank of Japan at its policy meeting tomorrow will refrain from adding to stimulus. The Treasury sold $32 billion in three-year notes yesterday and is scheduled to sell $16 billion in bonds tomorrow in three auctions this week totaling $72 billion.