T-Note Auction Puts Dow Off 24

Markets fell today as an auction pushed yields on 10-year Treasury notes higher, the Wall Street Journal reports. A 30-year sale is scheduled for Friday. “Higher interest rates are not good for anyone,” said one broker. “It’s going to kill the refinancing boom.” The Dow was off 24.04 to 8.739.02. The S&P lost 3.28 to end at 939.15. And the Nasdaq shed 7.05 to 1,853.08. (More Treasury Department stories.)