MW: Treasurys up, giving back some of recent gains
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices headed lower in early trading on Monday, pushing yields up for the first time in four sessions, with analysts citing less uncertainty about the reconfirmation of Federal Reserve Chairman Ben Bernanke. Yields on 10-year notes (UST10Y 3.60, +0.01, +0.39%) rose 3 basis points to 3.65%. Also, traders are preparing for $118 billion in U.S debt sales and the latest policy statement from the central bank during the week. A report later in the session is expected to say existing home sales declined to a 5.85 million pace in December, from 6.54 million in the previous month, according to economists surveyed by MarketWatch.
