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August 17th, 2012
US Treasury markets grinded higher during the morning hours but remained inside of yesterday’s wide range decline. This morning’s flow of US economic data showed consumer sentiment coming in ahead of expectations, and that did little to break the early advance. Some traders indicated that this week’s more than 4-00 decline in September 30-Year Bonds might have reached an area of support. Perhaps the lower price has attracted a measure of bargain hunting interest for a corrective rebound higher.
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