Treasuries Finish Higher

With little data to digest, Treasuries rose on a safe-haven bid amid the latest bombing in Iraq and the widening mutual-fund scandal

Treasuries shrugged off their post-payrolls funk on Wednesday, rebounding after the Veteran's Day holiday break, despite a solid day on Wall Street. With data and events in short supply, a safety bid was rekindled via the latest bombing in Iraq (along with U.S. retaliation), the broadening mutual fund scandal, and episodic rumors of hedge-fund liquidity problems. This helped set up a corrective squeeze higher as some of Friday's shorts ran for cover.

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