Treasuries Fall for Third Straight Session

More positive data signaled an easing of the economic downturn

It was a hideous last two days of June in the wake of the FOMC, which by Friday destroyed nearly three quarters of the value built up along the curve over the course of the entire month. Another batch of more positive data, including Chicago PMI and University of Michigan sentiment, added weight to the warnings among the more hawkish Fed members that the easing cycle could be nearing an end.

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