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Old 10-27-2009, 02:19 AM
katie katie is offline
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Default US Treasuries

Treasuries fell on Friday before next week's government plan to sell notes. James Caron, co-head of global rates research at Morgan Stanley in New York, said: "The market has tended to go down on the week of supply. What the Fed is doing right now is laying the groundwork to gently break it to everybody that they are not going to be near zero forever ... and that just gets us one step closer to moving to higher interest rates."


Ten-year Treasury note yields rose 7 basis points to 3.49%.
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