Bonds End Mostly Lower

Treasuries dropped on a rebound in stocks, which gave investors hope that the U.S. wouldn't fall into an extended recession

An oversold rebound in stocks set up the risk-averse Treasury curve for another modest flex in favor of less pronounced steepness on Monday, as short-dated yields backed higher and long-end yields eased. Volume remained extremely light in the pits and on the screens. CRB/energy plunged dramatically, as limited and hopefully more sure-fire attacks on bin Laden appeared more likely initially than a disruptive campaign on multiple fronts in the Middle East.

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