Interest Rates Strongly Higher on Worries of Treasury Demand

U.S. Treasury prices were sharply lower, weighed down by another round of firm data and the government's sale of $82 billion in debt this week.
Adding to the selling pressure was uncertainty over a Federal Reserve meeting to discuss the discount rate, scheduled for later Monday. While the meeting is a routine one, the timing led some to speculate that another increase in the emergency lending rate could be in the works.