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July 2th, 2012
US Treasury markets traded sharply higher this morning in the wake of June Non-Farm Payroll data that came in lower than expected. The weak tone of the labor market is seen as a factor that could prompt the Fed to seriously consider a third round of quantitative easing. Additional support for US Treasuries came as 10-Year Government debt in Spain climbed back above the 7.0% level, sparking a further flight to safety bid.
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