Treasuries Extend Gains

Demand for Treasuries picked up as stocks declined amid accounting allegations and mixed economic data

Treasuries continued to have stocks on their side Tuesday, with European equities setting the bearish pace for a change after creative accounting allegations took their toll on embattled French media giant Vivendi. Aside from stocks, a light data offering of mixed weekly retail sales, slightly higher Challenger layoffs and modestly better auto and truck sales dotted the session.

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