Reply #20: Treasurys open sharply lower on interest rate fears [View All]

[UpInArms]

http://www.marketwatch.com/News/Story/Story.aspx?guid=e0655c66-ec46-4836-80ab-0b72cde0395a&siteid=mktw&dist=MorePulse

NEW YORK (MarketWatch) - Treasurys fell sharply early Monday, tracking declines in Japanese and European bonds, after stronger-than-expected data from both regions bolstered expectations of higher interest rates across the globe. The benchmark 10-year note was last trading down 10/32 at 96 30/32. Its yield, used in setting corporate and mortgage borrowing rates, climbed to 4.89% from 4.853% late Friday. The 30-year was down 17/32 at 93 10/32, yielding 4.9%. The yield curve steepened with the 2-year yield at 4.858%.