Bonds Give Up Gains, Stocks Keep Losses

After a tumultuous morning, the Treasury’s Ten-Year has given back most of the one-point gain it enjoyed earlier in the day, and its yield has scooched up to around 80 basis points. Equity markets continue to reel with the DJIA down around 1,200 points. Details on a proposed fiscal stimulus plan are still sketchy, as are most details these days.