Treasury 10-Year Yields Approach 5-Week High Amid Budget Talks
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Treasuries fell, pushing 10-year note yields toward a five-week high, as investors weighed prospects for a budget deal in Washington and the U.S. prepared to sell $35 billion in two-year notes.
Benchmark 10-year notes pared their slide after House Speaker John Boehner signaled last week he’s open to allowing tax rates to rise for millionaires. The Treasury will auction $113 billion in notes this week. China increased its holdings of Treasuries in October, data showed.