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Treasuries Close Flat

Treasuries languished near unchanged much of Thursday's session, still confined to a narrow consolidation pattern just beneath 2002 highs. Intraday price swings were once again in contrast with fluctuations with U.S. shares as traders shrugged off the slightly better than anticipated Philadelphia Fed survey data.

The economic calendar is blank Friday so the stock market and its double witching expiration should be the primary focus.

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