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NEW YORK – stocks closed mixed after the enthusiasm on an agreement to extend tax cuts is unconscious.

Bond prices fell sharply as traders anticipated tax cuts would lead to deficits ballooning. The 10-year Treasury note yield has jumped to 3.13%, its highest level since June 22.

The President Barack Obama and Republican leaders have agreed to a wide range of tax cuts and an extension of unemployment benefits. The plan of compromise helped send stocks higher in the morning. Extension of the Bush-era, tax cuts to expire at the end of the year, removed a major source of uncertainty in financial markets. The agreement announced late Monday has also included an break of a year on contributions will money directly in the pockets of Americans. It goes well for extension of unemployment benefits that economists consider a more effective way to stimulate the economy by spending once people.

History: Plan tax relief in the short term, at a price offer

"Washington agreement is a big deal, said Kim Caughey Forrest, Fort Pitt Capital Group equity research analyst." Investors love really certainty, and they really enjoy certainty about taxes. ?

The Dow Jones industrial average fell 3 or 0.03%, to close at 11,359.16. It was up to 89 points to turn lower in the afternoon.

The largest standard & Poor 500 index rose by 0.6, or 0.05% to 1,223.75. S & P closed within 2 points of his 2010 high reached on 5 November.

The Nasdaq composite index rose by 3.6 or 0.1% to 2,598.49.

History: Democrats demand changes image tax deal Obama-group

The Treasury prices fell to suddenly sending their higher yields. The 10-year Treasury note yield has risen to 3.13% 2.93% late Monday. The yield on a 10-year ticket is a landmark widely used for interest on mortgage rates.

Citigroup Inc. has increased by 3.8% to $4.62 after keep the Government said late Monday that he reached an agreement to sell its stake in the Bank for a profit of $ 12 billion. Nicor Inc. jumped by 4.3% to $48.79 after natural gas distributor said it has agreed to be acquired by AGL Resources Inc., 2.38 billion dollars in cash and stock.

Shares of the New York Times Co. has increased by 4% to $9.76 after the newspaper publisher is slow the decline in print advertising sales and costs are going down.

Investors were also encouraged by the news of Europe. European stock markets have increased after the Finance Ministers of the 16 countries that use the euro do not exclude increase their cash of $ 1 trillion bailout. Ireland has also adopted a budget with steep tax increases to slashing its deficit.

The dollar rose by 0.5% against an index of six other currencies. He had been reduced as much as 0.4% earlier in the day to recover its losses around noon.

Increase in stocks were even with the decline in those to the New York Stock Exchange. Volume was 1.6 billion shares.

? 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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