Oct. 7 (Bloomberg) -- Treasuries declined after the Federal Reserve said it will purchase commercial paper through a special unit in an effort to thaw short-term lending markets, damping demand for the haven of government debt.

Two-year notes fell for the first time in five days, pushing yields up from the lowest level since March, after the central bank invoked emergency powers to support the financing needs of corporations. The U.K. may invest as much as $79 billion in the country's three largest banks, while Iceland today took over Landsbanki Islands hf, the island nation's No. 2 lender, and pegged its currency to a trade-weighted index.

The yield on the 2-year note rose 10 basis points to 1.54 percent as of 9:11 a.m. in New York, according to BGCantor Market Data. The 4 percent security maturing in August 2018 dropped 7/32, or $2.19 per $1,000 face amount, to 100 28/32.

I currently act abit insane, trying to pick at top. LOL, but it risk me lesser, once go -20pips. I out, but if i waited for those line to broken only i enter, i nid a bigger SL 40pips - 60pips. So i trying to pick top, but with alot of condition inside la for sure.