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Treasuries Rise as Asian Stocks Pare Gains, Fed Prepares to Buy Debt Today
Treasuries rose as Asian stocks pared earlier gains and the Federal Reserve prepared to buy U.S. government debt today.
The yield on the 10-year note dropped two basis points to 2.64 percent as of 10:11 a.m. in Tokyo, according to data compiled by Bloomberg. The 2.625 percent security due August 2020 gained 5/32, or $1.56 per $1,000 face amount, to 99 7/8.
To contact the reporter on this story: Yasuhiko Seki in Tokyo at yseki5@bloomberg.net.
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