Treasuries Finish Higher

Treasuries drifted slowly higher to finish in positive territory on lingering geopolitical risks and stock weakness

Treasuries rounded out Wednesday's session on firm footing as familiar themes of the war premium and stock weakness helped sustain a bid this week. There was some vague talk of an easing bias from the Fed, perhaps as Bush's tax cut proposals failed to get much traction with The Washington Post-ABC survey participants. Risk events next week, including U.N. inspection findings Monday, Bush's State of the Union address on Tuesday and the FOMC decision on Wednesday all loom as well.

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