Treasuries, which had been rising most of Monday, lost strength at the close ahead of tomorrow's April producer price report. Bond prices were higher earlier in the day following a weaker-than-expected New York Fed Empire State manufacturing index, according to S&P's MarketScope. The bond market also benefited from worries about hedge funds, according to Informa. U.S. Treasury International Capital System (TICS) data was disappointing.
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