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Treasuries Recover after Sentiment Report

From Standard & Poor's Equity ResearchAction Economics: Treasuries on Friday morning picked up a bid as the drop in the Michigan consumer sentiment has weighed slightly on the big rally in stocks. Treasuries have been all over the lot today, responding to the Fed's discount rate move and the gyrations in stocks, with the yield on the 2-year note ranging over 15 basis points from a low of 4.08% to a high of 4.235%.

The Aging of Abercrombie & Fitch
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