NEW YORK (AP) -- Stocks, Treasurys and corporate bonds have been weakening, giving investors fewer places to hide.As the Dow Jones industrial average tumbled below 6,600 for the first time since 1997, Treasury notes took a modest hit, too, on Monday ahead of big supply auctions. The Treasury Department plans to auction $63 billion in notes later this week.
In afternoon trading, the benchmark 10-year Treasury note fell 1/32 to 98 28/32. Its yield was at 2.88 percent, little changed from late Friday. The two-year note fell 1/32 to 99 25/32, and its yield rose to 0.97 percent from 0.94 percent. The 30-year bond fell 18/32 to 98 11/32, and its yield rose to 3.59 percent from 3.57 percent.
Even the yield on the safe-haven three-month Treasury bill rose, edging up to 0.23 percent from 0.18 percent. Prices move opposite yields. The discount rate was 0.24 percent.
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