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Yields Move Lower after Housing Data


From Standard & Poor's Equity ResearchAction Economics: Treasury yields rolled lower following the record low on existing home sales (since 1999), while Fed Governor Kroszner's remarks have been limited to the mortgage sector so far. The 2-year yield remains below 3.80%, while the 10-year yield sank 2 basis points to 4.37% and the 2s-10s spread remains steep near +59 bp.


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