13:47 EDT - Treasurys have reversed the move made during European
action as US stocks continue to pare declines. The fear-driven flows
overnight have partially reversed during daylight hours in America,
with the 10-year yield back near its prior all-time low of 1.437%
after having fallen to 1.396% overnight. Ending the day below 1.437%
would open the door to 1.24-36%, then potentially 1%, says Bank of
America. Treasury bears would need to see the yield return to 1.55% to
claim control. The Dow industrials are now down 121, or just under 1%.
(cynthia.lin@dowjones.com)
(END) Dow Jones Newswires
July 23, 2012 13:47 ET (17:47 GMT)
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