TREASURIES-Prices turn negative as stock market climbs

Published: 04 May 2009 05:57:36 PST

NEW YORK, May 4 - U.S. government debt prices turned negative on Monday, erasing earlier gains, as Wall Street stocks .DJI> rose on strength in bank shares, curbing a safety bid for bonds and other lower-risk investments.

Benchmark 10-year Treasury notes were down 2/32 at 96-16/32. Their yield, which moves inversely to their price, was 3.17 percent, up from 3.16 percent late Friday.