Treasuries End Higher

The intermediate area of the curve led the way up in an apparent asset allocation trade out of stocks

After a lackluster session Friday, Treasuries rallied hard into the close, led by the intermediate area of the curve in an apparent asset allocation trade out of stocks. Speculation swirled surrounding Fed Chairman Alan Greenspan's semi-annual monetary testimony next week, contributing to the mood swing after the producer price index and trade data was shrugged off.

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