The Ticker
Treasuries fall due to multi-billion dollar bond auction
2/12/13 1:59pm
Yields on the benchmark 10-year U.S. Treasury notes rose 3 basis points to 1.98% in early trading.
One basis point is one one-hundredth of a percentage point and yields move inversely to prices.
"The market is setting up for auctions this week at the long end of the curve as it often does," said Michael Pond, head of global inflation market research at Barclays.
