NEW YORK (AP) - Treasurys fell Friday as the stock market showed resilience after earnings from Citigroup Inc. and General Electric Co.
The Dow Jones industrial average edged up 6 points to its sixth straight weekly gain. Investors sold safer investments like government debt.
The benchmark 10-year Treasury note fell 31/32 to 98 9/32. Its yield jumped to 2.95 percent from 2.83 percent late Thursday _ approaching the 3 percent level. Since March 18, when the Federal Reserve said it would start buying $300 billion in Treasurys over six months, the 10-year yield has not surpassed 3 percent.
The 30-year bond fell 1 17/32 to 94 18/32, and its yield rose to 3.81 percent from 3.72 percent.
The two-year note fell 4/32 to 99 26/32, and its yield rose to 0.97 percent from 0.90 percent.
The yield on the three-month Treasury bill slipped to 0.13 percent from 0.14 percent on Thursday. The discount rate was 0.14 percent.
The cost of borrowing between banks fell. The London Interbank Offered Rate, or Libor, on three-month loans in dollars dipped to 1.10 percent from 1.11 percent. Three-month dollar rates are nearing the all-time low of 1.08 percent reached in January.
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