The benchmark 10-year Treasury yield Tuesday morning dropped more than 20 basis points and the Dow fell close to 300 points, putting downward pressure on industry stocks and mortgage rates.
Concern a move in Greece could pre-empt a European plan to address fiscal concerns caused the slide in the market.
A sampling of industry stock values checked as noon approached Tuesday showed most were down in a range between 1% and 6%, with Fidelity National Financial, for example, down a little more than 1% and Bank of America, down approximately 6%.
One exception was Radian, which was experiencing strong gains over 10% at that time due to positive earnings.
The 10-year yield levels had fallen below 2% Tuesday morning. At roughly the same time the previous day it had been closer to 2.2%.
