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US Treasury sell-off slows

Jul 24,2008

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Markets: Fixed Income On Wednesday, global bonds traded weak in the European and early US sessions, but found their composure later on and closed the session with small, insignificant losses and the shape of the curve little changed. The European data were uneventful and the US eco calendar even empty. In the morning, trading was dominated by the presence of the key support level (109.65) in the Bund that was nearly tested in early session, after which the market stabilized at slightly higher

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