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Sunday, May 3, 2009

Treasury Yields Reach Five-Month High as Fed Stands

As demand for funding by the government increases, so does interest rates. Anyone surprised? It appears a few fund managers have been.

May 2 (Bloomberg) -- Treasury 10-year notes declined for a sixth week, the longest losing steak in almost two years, as the Federal Reserve refrained from increasing purchases of government debt and the economy showed signs of stabilizing.

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