MW: Treasurys up; flu, bank fears spur safety buying
Treasury prices gained Tuesday, pushing yields down slightly for a second day, as U.S. stock futures pointed lower and investor concern that the threat posed by swine flu is rising prompted demand for the relative safety of U.S. debt. Two-year note yields ) declined 3 basis points to 0.89%. Traders also cited support from a report saying the U.S. government is pressuring Citigroup and Bank of America to raise more cash based on early results of the government's stress test. Treasury gains may be limited before the sale of $35 billion in 5-year notes . Data on home prices and consumer confidence are also on the schedule.
