Treasuries Close Higher

Stock market mood swings and pre-Greenspan jockeying drive bonds higher

With Fed Chairman Greenspan looming Wednesday, Tuesday's bond activity was mostly a reaction to equity flows following Oracle's mixed earnings overnight. Software giant Oracle's profits tanked, but cost-cutting saved the bottom line on sales and forward spin was optimistic that "the worst was past." But investors proved more pessimistic than CEO Larry Ellison in the end and after the initial stock surge, broader indices bled into the red by the close.

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