Treasurys up ahead of EU summit

Source: Marketwatch
As hopes fade that EU officials will propose concrete measures to handle the debt crisis, Treasury prices increased, meaning that their yields decreased. Thus, 5-year notes earn a yield of 0.74 percent, a decrease of 3 basis points; 10-year notes yield a return of 1.74 percent, also a decrease of 3 basis points; 30-year notes earn 2.83 percent, a drop of 4 basis points. Last week most treasury notes closed at their record low yields. The situation stabilized a little, but it still very sensitive to changing conditions in Europe.
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