MW: Treasurys slide as Geithner's plan comes to light
Treasurys remained mostly lower Monday after Treasury Secretary Timothy Geithner released some details of the plan to get private companies to partner with the government and buy the so-called toxic assets from banks' books. Two-year yields ) were 3 basis points higher at 0.89%. Equities rallied on the news, reducing the appeal of the relative safety of Treasurys. Also to come is a report on existing home sales at 10 a.m. Eastern time. A senior Chinese official supported the debt market by saying that nation will continue buying Treasurys.
