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March 2nd, 2012
US Treasury markets traded higher throughout the morning hours as they tried to shake off a three-day losing streak. There seemed to be a modest flight-to-safety bid in the Treasury market following weakness across most risk assets. Ideas of that recent ECB funding operations might not boost growth by as much as expected and concerns that austerity measures could further weigh on growth were seen as a supportive force for US Treasuries. Some traders suggested that the US Fed’s expected purchase of 30-Year Bonds, part of Operation Twist, was also lending support.
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