Treasuries Finish In the Red

Better-than-expected employment data spurred corrective profit-taking in Treasuries, and dampened expectations for another interest-rate cut

Some of the shine came off Treasuries Friday after a very strong week and summer, as better than expected employment data provided just the excuse for corrective profit-taking. Despite the full court press by the Bush Administration to take swift action on Iraq, prices at the risk averse front-end of the curve suffered the largest setback.

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