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Stronger Stocks Compound Treasurys Selloff

Forex News: Stronger stocks are pushing Treasurys prices lower still, helped by the latest sharp drop in crude prices. DJIA up 133 pts, crude oil futures down 3.7% at 3-wk low. Bernanke's testimony continues without controversy in Washington, with latest questions focusing on the ability of regional banks to borrow from the Fed's discount window for emergency funds. Two-year is down 3/32, yielding 2.43%, while 10-yr is 25/32 lower for 3.94%. Curve at 151bps.



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