Dollar, Treasurys gain on Europe uncertainty; stocks rebound

The dollar rose Wednesday, pushing the euro to its lowest level since July 2010, and Treasury Yields once again headed back towards record lows as markets were disappointed with a lack of news out of a meeting of European leaders
Gold fell for a third day and oil prices dropped to their lowest since October
U.S Stocks  managed a final-hour reversal on some hints of agreements between some euro-zone members.
That turned the S&P 500 Index /quotes/zigman/3870025 up 2 points, or 0.2%, to 1,319
The Dow Jones Industrial Average /quotes/zigman/62744ended down 7 points at 12,496
With European worries entailing everything from Spanish banks, Greece’s election and status in the euro zone and how to keep deposits from fleeing banks, “there are a lot of moving parts and nobody fully understand the ramifications if some of those moving parts don’t work,” said David Coard, head of fixed-income sales and trading at Williams Capital Group. “That’s unnerving for markets and drives a flight-to-quality bid.”
The Euro Dollar fell to $1.2595, from $1.2688 in late North American trading on Tuesday
Yields on 10-year notes /quotes/zigman/4868283/delaye, which move inversely to prices, pared a declined to 2 basis points to 1.75%, after intraday touching their lowest closing level ever