Bonds mixed as stocks surge
Better-than-expected corporate reports continue to boost stocks and pressureTreasurys.
NEW YORK (CNNMoney.com) -- U.S. debt prices were mixed Monday as stocks hit one year highs and investors braced for a week filled with corporate results.
About 27% of the S&P 500, or 135 companies, will report third-quarter results this week. More than 12% reported last week, and a majority have handily beaten expectations.
The largely better-than-expected reports helped push the Dow Jones industrial average (INDU) above 10,000 again Monday, continunig last week's preesure on Treasurys. Bond prices tend to fall when stocks rise.
Stocks rebounded Monday, following the lead of a European rally and placing downward pressure on shorter-dated bonds. After the stock market closed Monday, Apple (AAPL, Fortune 500) reported fical fourth-quarter revenue and earnings that easily beat Wall Street analysts' estimates due to strong slaes of Macintosh computers and iPhones.
Bond prices: The benchmark 10-year note fell 1/32 to 101-30/32, and its yield ticked up to 3.41%. Bond prices and yields move in opposite directions.
The 30-year bond fell 1/32 to 105-2/32 and its yield to ticked down to 4.20%.
The 2-year note rose to 100, and its yield was 0.97%. 
