0.09%QQQQ 50.01 0.08%MSFT 29.99 
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Two-year treasuries rose on Tuesday after released minutes from the Federal Reserve showed policy makers' view that a recession is "likely" in the first half of the year.
Two year notes rose 3/32 in price to yield 1.884 percent.
Members of the Federal Open Markets Committee meeting on March 18 were concerned about "a prolonged and severe economic downturn."
Investors raised their bets that the Fed will reduce its key interest rate by half a percentage point to 48 percent compared to 36 percent yesterday, according to futures trading on the Chicago Board of Trade.
Ten year notes fell 5/32 in price to yield 3.564 percent. Earlier in the day, additional signs of credit market instability helped two-year notes gain.
The largest U.S. savings and loan bank, Washington Mutual Inc, announced a significant loss its latest quarter. WaMu said it would take a $1.1 billion loss, cut its dividend and slash 3,000 jobs. It also announced a $7 billion stock sale to raise capital to bolster its ailing balance sheet.
Eritrea is considering five more applications for exploration licences, and will make its decision within the year.
A Swiss pilot strapped on a jet-powered wing and leaped from a plane Wednesday f...
The One Laptop Per Child project is about to find out whether Microsoft Corp., a...
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