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August 22nd, 2012
September 30-Year Bonds were up more than a full-point heading into the mid-session, helped by weakness in global equity markets and ideas that global growth could be slowing. This came after overnight data in Japan showed their export activity falling to a new six month low in July. There was also a level of skepticism in the market ahead of a European finance minister meeting to discuss the Greek debt situation. Uncertainty building up to the meeting spurred a round of safety buying, as well as profit-taking in risk assets. This fueled gains in September 30-Year Bonds into a new five day high.
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