Bonds End Lower
After setting fresh 6-month lows on Monday, Treasury yields moved higher Tuesday as the stock market staged a rebound on news that the investigation in the insurance sector would not lead to criminal charges for Marsh. The low October consumer confidence number released Tursday provided an anticlimax; the data sponsored a perverse sell-off in the Treasury complex, which continued through the $12 billion 5-year TIPS sale, according to Action Economics.
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