Bonds Close Higher

Treasuries gained ground on a flight-to-safety bid amid violence in Iraq

Treasury futures, which spurted at the outset as oil price increases drove stocks lower, held onto gains even though Existing Homes Sales rose more than expected in October. Negative news from overseas, including missing explosives and bombings in Iraq, drove investors to safety and helped the 10-year yield reach a 6-month lows, below 4%.

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