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NEW YORK: US Treasuries erased most of their earlier price losses and traded little changed on Friday as investors awaited a highly anticipated speech by Federal Reserve Chairman Ben Bernanke.
Bernanke's speech at a symposium of central bankers in Jackson Hole, Wyoming, will be evaluated for any hints that the Fed will launch a new bond purchase program when it meets in September.
Benchmark 10-year notes were last yielding 1.63 percent, little changed on the day.
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