Treasuries Finish Lower
It was in like a bull and out like a bear for the Treasury market Monday as a number of factors contributed to a near one point slide in the September bond, which underperformed through the day. Treasuries started the session on relatively decent footing as equities extended last week declines. Ongoing safe-haven demand kept the short end well supported, as did a benign outlook on Wednesday's FOMC outcome, and expectations that Wednesday's two-year note sale would be postponed.
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