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Bond Prices Rise as Consumer Sentiment Takes a Hit
March 14,
2013 by in UnCategorized
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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