Treasuries Pad Gains as Stocks Dive Again

Treasury prices rose after a sharp drop in the stock market, triggered by the University of Michigan's negative consumer sentiment report

Treasuries padded gains to round out the week on Friday, with another false start on Wall Street despite an upsized Dell earnings forecast and Juniper beating the Street. Retail sales data surprised on the upside with a 1.1% gain in June, but the other data shoe to drop was much more friendly with an 86.5 print on July U. Michigan sentiment, well down from 92.4 in June.

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