Treasuries Slide

Bonds fell after the government's $5 billion bond sale drew fewer-than-expected buyers

No such luck for the smaller bond auction Thursday, which proved a bit rich after prices were dragged higher following Wednesday's squeeze on 10-year notes. The coupon curve steepened, and 10-year notes were flipped into the market and the bond lagged after a promising start. Second-tier data continued to prove favorable; Export/Import prices tumbled as global doom spread, while claims reverted to trend 33,000 higher.

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