Treasury prices held in a tight range Monday as investors weighed $180 billion worth of government debt auctions later in the week with U.S. stocks at 12-year lows.
Oil prices rose Monday on talk of an OPEC production cut, but they were off the day's highs after comments from Saudi Arabia put a damper on that speculation.
When people talk about rampant job losses, it's usually in the sense of unemployment as a symptom. But in fact, unemployment can be an aggravating cause of the financial crisis as well, especially when it's as severe as we're seeing now.
Treasurys prices fell Monday morning after news of a $41 billion corporate merger boosted stock prices and encouraged investors to abandon ultra-safe government bonds.
The world economy is on track to post its worst performance since the Great Depression, with developing countries bearing much of the economic pain, the World Bank said Monday.