Business & Finance

US bonds slip after Greece deal, ahead of auctions

Published Updated

Euro zone finance ministers reached an agreement on a second bailout for Athens, with 130 billion euros in financing helping the country swerve a disorderly default.

US markets were closed on Monday for the Presidents Day holiday.

The yield on the 10-year note rose to 2.03 percent from 2.01 percent in late US trade on Friday.

The yield on 30-year Treasuries increased to 3.17 percent from 3.15 percent in US trading on Friday.

The US Treasury is scheduled to sell $35 billion in two-year notes on Tuesday, $35 billion in five-year debt on Wednesday and $29 billion in seven-year paper on Thursday.

"Some traders clear inventory ahead of the auctions, which will take place in a week shortened by the holiday," said a trader at a Japanese bank.

The Treasury estimated $60.186 billion in coupon securities held by the public would mature on Feb. 29.

Copyright Reuters, 2012