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US debt prices pare some gains after ISM

NEW YORK : The prices of US Treasury securities rose on Tuesday, but the strength of their rally faded slightly followin
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By Imad Uddin
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NEW YORK: The prices of US Treasury securities rose on Tuesday, but the strength of their rally faded slightly following a stronger-than-expected reading on non-manufacturing activity in August by the Institute for Supply Management.

The benchmark 10-year Treasury note was last trading 11/32 higher in price and yielding 1.95 percent, down from 1.99 percent late on Friday. The 30-year bond was up 1-21/32 in price and yielding 3.22 percent, down from 3.30 percent at Friday's close.

 

Copyright Reuters, 2011

 

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