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Treasury prices dropped on Tuesday increasing borrowing costs
for the 4th day out of five as response to news from Europe. Yields
for 10-year bonds surged 4 b.p. reaching 2.07%.
Growth in yields were also stimulated by Standard & Poor's
announcement to place 15 Eurozone countries on Creditwatch. 30-year borrowing
costs added 3 b.p. to 3.04% while 2-year bond yields dropped 2 basis points to
0.25%.