Treasuries Finish in the Red

Treasuries dropped in a shortened session stuffed with positive data ahead of the Thanksgiving holiday

The shortened session was stuffed with data and the U.S. economic outlook continued to look sweeter than a candied yam. Durables gained 3.3%, personal income rose 0.4% (spending was flat), initial claims dropped 11,000 to 351,000, Chicago PMI catapulted to 64.1 from 55.0 and final U. Michigan sentiment nudged up 0.2 to 93.7.

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