MW: Treasurys pare loss as traders mull Greek deal
By Deborah Levine
2_YEAR 10_YEAR
NEW YORK (MarketWatch) -- Treasury prices declined on Tuesday, but came off their worst levels as analysts raised concerns about Greece's long-delayed second bailout package from the euro zone. The session's main event for the bond market will be the government's auction of 2-year notes 2_YEAR +0.34% . "Treasurys were under pressure overnight on the Greek bailout, but admittedly the market is trading better on the news than we might otherwise have expected," said bond strategists at CRT Capital Group. Longer-term, "the obvious risk is that Greece could still need additional bailouts or restructuring." Yields on 10-year notes 10_YEAR +1.05% , which move inversely to prices, rose 4 basis points to 2.03%, but off their highs of 2.05%.
