October 09, 2013 at 17:07 PM EDT
Treasuries Fall, Rates Rise Ahead Of Default Deadline
Treasuries fell and rates surged on bills maturing on the Oct. 17 deadline projected for when the U.S. reaches its borrowing capacity as investors avoided the securities with the risk of default rising. Yields on benchmark 10-year notes increased for a second day as the U.S. auction of $21 billion of the debt drew lower-than-average demand. They extended gains after minutes of the Federal Reserve's last meeting showed most
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