By Deborah Levine, MarketWatch NEW YORK (Marketwatch) -- Treasury prices declined on Monday, pushing yields up from the lowest point in more than six weeks, as European stock markets rose and bond traders prepared for the slew of government bond auctions coming this week. Treasurys pared an earlier decline as attention turned to U.S. stock futures, which were little changed. Yields on 2-year notes (UST2YR 0.76, -0.04, -4.40%) rose 1 basis point to 0.78%, after closing at the lowest level since Dec. 9 last week. A basis point is 0.01% and yields move inversely to prices. Yields on 10-year notes (UST10Y 3.57, -0.04, -0.97%) rose 1 basis point to 3.58%. On Friday, yields fell as the U.S. economy continued to lose jobs and concern over fiscal imbalances in some European Union members fueled a fresh move of assets from stocks to U.S. debt. See Friday's Bond Report. "Treasurys are weaker this morning as global stock markets find their footing, the E.U. peripherals improve and attention turns to this week's Treasury supply," said strategists at RBS Securities. The government will sell $40 billion in 3-year notes (UST3YR 1.26, -0.05, -4.12%) on Tuesday, and $25 billion in 10-year notes on Wednesday. Also, $16 billion in 30-year bonds (UST30Y 4.52, -0.03, -0.57%) will be sold the following day.

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