Treasuries End Higher

The market was helped by safe-haven buying as stocks fell and the 5-year auction disappointed

The $16 billion 5-year auction disappointed, but foreign-exchange linked buying supported Treasury prices into the close. Stocks tumbled amid economic uncertainties spawned by last Friday's jobs report. The weaker than expected report has been driving increased confidence in Treasuries this week, as the data is likely to keep the Fed from raising interest through 2005.

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