Treasuries End Weaker, but off Lows

Treasuries started lower on news of Allied advances, but pared losses in late trading as stocks ran out of steam

A preponderance of positive Allied gains in Baghdad over the weekend caught Treasuries on the hop on Monday, knocking them sharply lower initially before a late recovery materialized. Treasuries quickly dusted themselves off, however, mostly in a mirror image of stocks, which ran out of steam after an early surge out of the gate.

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