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Yields on 2-year Treasury notes fell to the lowest on record Tuesday, as U.S. bonds benefited from fresh worries about global growth, this time stemming from economic data in China as well as concerns about the financial health of European banks. The 2yr fell below 60 basis points and 10yr is now under 4%, the is a clear indication of economic credit problems. Watch for the consumer confidence number that comes at 10:00 today! Read the full article.
