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Treasury Prices Lower

From Standard & Poor's Equity ResearchAction Economics: Yelds held steady at firmer levels Tuesday morning despite the plunge in consumer confidence in November, which contrasted the early returns on the holiday shopping season. The 10-year yield is holding above 3.92%, compared to yesterday's low of 3.80% and the 2-year yield has a foothold above 3.0% again. The 2s-10s spread has crept back up above +90 bp after its side trip below. Stocks are off morning rebound highs, which could help keep a lid on yields.

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