Both the OECD and International Monetary Fund Managing Director Christine Lagarde were voicing support for eurobonds and the sharing of eurozone debt ahead of a meeting of European Union leaders in Brussels Wednesday.
The benchmark 10-year Treasury was falling 9/32, lifting the yield to 1.77%. The greenback was up 0.7%, according to the dollar index.
The July crude oil contract was down $1.01 to settle at $91.85 a barrel. June gold futures were down $12 to settle at $1,576.60 an ounce.
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In corporate news, it was another ugly session for Facebook (FB - Get Report). Reuters was reporting that an analyst with Morgan Stanley, the lead underwriter for the social networking giant's IPO on Friday, lowered revenue expectations for the company prior to its disappointing public debut on Friday. The stock plunged 8.9% to close at $31.00.
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