Treasuries fell as stocks became strong yesterday on hopes of an economic recovery on the way. Josh Stiles, senior bond strategist at IDEAglobal in New York, said: "People traded off stocks. There's real confusion about whether the stock market's gains over the last two months constitute a bear market bounce or not." He added : "Bond traders realize they need a flight-to-safety trade to improve things in the bond market and they aren't getting it. A lot of bond people are positioned for the stock market to correct and yet stocks keep grinding higher.Benchmark 10-yearyield rose to 3.25 percent.
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