Stocks were up, while the yield on the benchmark 10-year U.S. Treasury note rose to 2.92%, from 2.84% Monday, signaling a continued drop in bond prices.

FORBES: Magazine Article

Italian bond yields continued to backtrack after blowing past the dangerous 7% threshold earlier in the week.

FORBES: Baby Steps From Italy, Greece Keep Rally Going

The euro weakened in response to the report while peripheral government bond spreads continued their blow out against German bunds.

FORBES: After ECB's Rate Hike, Euro Weakens On Stress Test Warning