Treasuries Firmer on Short Covering

Weaker stocks and Latin America worries pushed Treasuries higher

Bearish momentum carried forward at the long-end for the bulk of Friday's session, with steepening trades still ruling the curve. Prices at the front-end held firm following the Fed's between-meeting prescription this week, amid worries of mounting Latam risk via the Argentina default/Cavallo resignation rumors and a Brazilian political scandal.

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