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March 9th, 2012
US Treasury markets trended lower throughout the morning hours, falling to a new 12-day low in response to US jobs data. While the data provided more evidence of a US economic recovery, some traders indicated that the improving US economy could prompt the US Fed to come away from their easy money policy stance. However, some traders indicated that the losses in the Bond market might have been limited ahead of next week’s FOMC meeting and Treasury auction schedule.
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