Two-year Treasurys weakened, pushing yields higher for a fourth straight day, as demand for $26 billion in new debt was weaker than expected at a Tuesday auction. Soft demand for two-year notes “sets a more muted tone” for upcoming auctions, said Aaron Kohli and Ian Lyngen of BMO Capital Markets, in a note to clients. The Treasury is expected to auction $34 billion in five-year notes, and $28 billion in seven-year notes later in the week. Rising expectations for a Federal Reserve interest-rate hike in December have helped dull demand for short-term debt in recent weeks as investors reprice yields to factor in a ... (full story)