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July 31th, 2012
US Treasuries rallied throughout the morning hours, helped by modest safety buying ahead of key central bank decisions this week from the Fed, ECB and BOE. September 30-Year Bonds enjoyed a steady bid throughout the US trading session and registered a higher high in the process. This morning’s flow of US economic data was mixed, with disappointing personal spending figures, but better than expected Midwest manufacturing and consumer confidence. Still, uncertainty surrounding the Euro zone debt crisis and whether officials can deliver on recent promises remains a concern for the Treasury market.
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