We develop a theory of coherent quantum oscillations in two, in general
interacting, qubits measured continuously by a mesoscopic detector with
arbitrary non-linearity and discuss an example of SQUID magnetometer that can
operate as such a detector. Calculated spectra of the detector output show that
the detector non-linearity should lead to mixing of the oscillations of the two
qubits. For non-interacting qubits oscillating with frequencies Ω1 and
Ω2, the mixing manifests itself as spectral peaks at the combination
frequencies Ω1±Ω2. Additional nonlinearity introduced by the
qubit-qubit interaction shifts all the frequencies. In particular, for
identical qubits, the interaction splits coherent superposition of the
single-qubit peaks at Ω1=Ω2. Quantum mechanics of the measurement
imposes limitations on the height of the spectral peaks.Comment: 14 pages, 6 figure