(Bloomberg) -- Treasuries fell, pushing yields on
two-year notes up from their lowest this month, as the
government sold $18 billion of the securities in an auction and
demand for stocks and corporate debt rebounded.
Yields climbed even as reports showed purchases of new
homes dropped in May and a measure of consumer confidence fell
this month to the lowest level since August. Two-year yields had
fallen 10 basis points over the past two trading days on concern
a weak housing market would lead to losses for investors in
mortgage-backed securities.
Read more at Bloomberg Bonds News
two-year notes up from their lowest this month, as the
government sold $18 billion of the securities in an auction and
demand for stocks and corporate debt rebounded.
Yields climbed even as reports showed purchases of new
homes dropped in May and a measure of consumer confidence fell
this month to the lowest level since August. Two-year yields had
fallen 10 basis points over the past two trading days on concern
a weak housing market would lead to losses for investors in
mortgage-backed securities.
Read more at Bloomberg Bonds News
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