Treasuries Rally

The 2-year note led the rally, shedding over 15 basis points to close just over the 3.0% level

Treasury bulls popped corks early and bid adieu to 2001 on a happy note. The 2-year note led the rally, shedding over 15 basis points to close just over the 3.0% level. The long bond closed up a point at at 98-22, having found solid support from the 97-16+ area.

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