Interest rates remain higher after fair auction of $24 billion in 10-year notes

Interest rates higher after 10-yr note auction

CHARLOTTE, N.C. — Interest rates are climbing in the bond market as positive exports data raised expectations about the U.S. economy.

An auction of new 10-year notes drew mixed results.

Improved economic news from the Commerce Department is helping reassure investors that the recovery is continuing. Stocks rose, with the Dow up about 140 points in afternoon trading, reducing demand for safe investments like Treasurys.

The yield on the 10-year Treasury note that rose to 3.57 percent in afternoon trading Wednesday from 3.53 percent late Tuesday.