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Bonds Close Slightly Higher

Treasuries shed some of the losses incurred in the morning session following China's rate hike. All eyes then shifted to oil, as the rise in the weekly jobless claims was ignored. Oil began to pare losses by midmorning and Treasuries followed. Treasuries moved higher as the China rate hike was lessened in importance and the a natural gas report showed a less-than-expected rise in natural gas.

The Aging of Abercrombie & Fitch
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