Treasuries End Mostly Lower

Treasuries finished mostly lower on strong factory reports, but trimmed losses into the close

Treasuries opened firmer on safe-haven buying as Iraq tensions flared, and a new Bin Laden tape spooked the stock market. But as jobless claims showed a rise, and Treasuries jumped. The reaction was a a knee-jerk one, as the nitty-gritty of the report showed improving labor. In addition, the New York Fed's Empire State data, which measures factory activity in New York, were strong.

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