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June 13th, 2012
US Treasury markets trended lower into this morning’s scheduled economic data, but reversed course shortly thereafter. The latest read on Retail Sales showed its second monthly decline and seemed to offer evidence of further a pullback in consumer spending. Treasuries might have also drafted support from US wholesale price data that showed its largest monthly drop in three years. While a brief rally in outside markets took September 30-Year Bonds off their morning high, uncertainty surrounding Europe continued to underpin the market. The US Treasury holds a $ 21 billion 10-year Note auction today.
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