MW: Treasurys slip ahead of Fed buyback, busy week
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices fell modestly early Monday, pushing yields up, with the only event on the day's calendar being the Federal Reserve's first of four buybacks this week. But the rest of the week brings a round of government auctions, the Fed's policy meeting and President Obama's State of the Union Address, leaving Treasury traders hesitant to move back into U.S. debt. Yields on 10-year notes (UST10Y 3.41, 0.00, 0.00%) , which move inversely to prices, rose 2 basis points to 3.43%.
