Treasuries End Lower
The quick fall of Saddam Hussein's home town Tikrit and return of several American POWs set the stage for declines on Treasuries Monday, led mostly by the front-end which continued to unwind its war premium. Flexibility on North Korea's approach to multilateral arms negotiations also sparked some renewed geopolitical optimism, though the U.S. training its rhetorical sights on Syria for harboring Iraq leadership and weapons of mass destruction raised some cautionary flags.
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