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Bond Prices Rise as Consumer Sentiment Takes a Hit

By Aggregated Content in economic news on March 15, 2013 from http://www.cnbc.com/id/100557282

U.S. Treasurys prices rose on Friday as lower stock prices and an unexpected drop in March U.S. consumer sentiment enhanced the allure of safe-haven U.S. government debt.

With $66 billion of new debt supply out of the way this week, investors were also moving to take advantage of yields hovering near the highest in almost a year, analysts said.

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