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August 3rd, 2012
September 30-Year Bonds were on a negative track heading into this morning’s US unemployment report, pressured by a shift in sentiment toward yesterday’s ECB meeting. Prices turned even lower in the wake of July Payroll data that showed a larger than expected increase. The data offered a change in risk-taking sentiment and triggered greater movement out of safety assets. That trend gained further traction following service sector data that was also better than expected. The selling activity across the Treasury market pushed September 10-Year Notes to their lowest level since July 5th.
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