MW: Treasurys gains as Spanish bank failure fans fears
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices rose on Monday, pushing long-term yields down for a fifth session, as the euro and stocks were under pressure after the Bank of Spain took over a struggling regional lender, underlining worries about the banking sector in Europe. Yields on 10-year notes (UST10Y 3.18, -0.06, -1.70%) , which move inversely to prices, fell 5 basis points to 3.19%. The global shock that the European crisis might create could weigh on equities and confidence in general, said strategists at CRT Capital Group. "People are not positioned for a slowdown economically in the second half of the year or beyond," they said.
