Treasuries Finish Higher

Treasuries again forged higher as war tensions mount

War tension continued to mount and Treasuries Wednesday continued to forge higher, despite 2-year supply and fresh post-Gulf War highs on the price of oil. Two stories today helped provoke a flight bid. First, CNN reported that a car was stopped by Connecticut police and searched for explosives. Second, U.N. Inspector Blix said that Iraq fell short of full cooperation and has yet to make a fundamental decision to disarm, despite some progress.

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