Treasuries fell, pushing yields to the highest levels in at least five weeks, amid concern the Federal Reserve’s increase in the discount rate signaled policy makers are moving closer to lifting benchmark borrowing costs. The difference in yield between 2- and 10-year notes, known as the yield curve, touched a record high before the Fed raised the rate for direct loans to banks for the first time in more than three years. Several policy makers said the move doesn’t portend changes in the outlook for monetary policy. The U.S. will auction $126 billion in notes and bonds next week. ‘The fact is that we are past the banking crisis, said Thomas Tucci, head of U.S. government bond trading in New York at the Royal Bank of Canada, one of the 18 primary dealers required to bid at Treasury auctions. ‘Now it’s really about where people feel things are going where the Fed is concerned. The 10-year note yield rose for a second week, increasing eight basis points, or 0.08 percentage point, to 3.77 percent in New York, according to BGCantor Market Data. It touched 3.82 percent yesterday, the highest level since Jan. 11. The 3.625 percent security […]