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Treasurys edge lower ahead of week of auctions
NEW YORK (MarketWatch) -- Treasury prices mostly slipped Monday ahead of a week filled with $70 billion worth of bond sales. The benchmark 10-year note yield, which rises as prices fall, was up slightly at 2.677%. The 30-year bond yield rose 1 basis point to 3.673%, and the 5-year note yield fell half a basis point to 1.457%. The Treasury Department will sell $30 billion of 3-year notes on Tuesday, $24 billion of 10-year notes on Wednesday, and $16 billion of 30-year bonds on Thursday. The market will also take direction from testimony by Federal Reserve Chairwomen Janet Yellen before the House of Representatives on Tuesday, where market participants largely expert her to take a dovish tone.
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