Awwal 04, 1432 H/Feb 07, 2011, SPA -- U.S. Treasurys are continuing a week-long slide as traders prepare for $72 billion in government debt to hit the market this week, according to AP. In afternoon trading Monday, the 10-year note is down 31.2 cents for every $100 invested. The drop in price nudged its yield to 3.68 percent, a nine-month high. That's up from 3.65 percent late Friday. Traders have been selling Treasurys recently, raising their yields, in response to better economic reports. The 10-year note, whose yield is used to set borrowing rates on mortgages and other loans, paid a 3.44 percent yield Feb. 1. The Treasury will auction $32 billion in three-year notes Tuesday. That will be followed by sales of $24 billion in 10-year notes Wednesday and $16 billion in 30-year bonds Thursday.
