Treasuries Finish Lower
S&P MARKETSCOPE: Nothing new impacting Treasuries Tuesday. The economic calendar was basically bare, and Fedspeak is in the blackout period that extends through the December 11 FOMC. That left bonds stuck in a narrow range, according to Action Economics. Credit concerns continued to dominate, keeping equities on shaky footing, and maintaining an underlying bid in Treasuries. News that a couple investment banks were busy downgrading the outlook on several large security firms amid deteriorating credit conditions cast a pall on stocks overnight and in early U.S. trading, and helped Treasuries climb before profit taking set in.
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