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US 30 year bond rallies a point after Obama victory

us-treasury-noteNEW YORK: The price of US 30-year Treasury bonds extended a gain to a point on Wednesday following the re-election of President Barack Obama.

 

The 30-year bond rose 1-3/32, allowing its yield to fall to 2.86 percent from 2.92 percent late on Tuesday.

 

Obama scored a clear win over Republican challenger Mitt Romney in Tuesday's vote.

 

Copyright Reuters, 2012