Treasuries Extend Gains After Strong 30-Year Sale: Markets Wrap
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Treasuries Extend Gains After Strong 30-Year Sale: Markets Wrap
(Bloomberg) -- A solid sale of 30-year Treasuries reduced fears that spiraling deficits are causing investors to shun the maturity, with bonds also gaining as cooling inflation fueled bets the Federal Reserve will have room to cut rates should the economy lose steam. The dollar hit a three-year low. Stocks rose.
·Bern, Switzerland
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