Treasury prices surged on Monday, pressing
down the borrowing costs as investors expressed scepticism that the actions
proposed by EU officials will solve key problems in short-term period. Yields for
10-year bonds declined by 4 b.p. to 2.02% while those on two-year notes fell by 2
b.p. reaching 0.21%. Borrowing costs for 30-year bonds lost 4 b.p. to 3.07%.