Treasuries Slip as Stocks Rebound

Profit-taking hit bonds following a sharp stock rally inspired by the Federal Reserve's interest-rate cut

As a whole, Treasuries' damp performance the day after the FOMC on Wednesday was not particularly compelling, though the September bond redeemed itself with a late rally back above the 105-handle. Stocks started out bid on upbeat new orders for chip equipment, lost their footing, then closed higher.

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