Bonds Firm

Treasuries firmed at the close of Tuesday's session, on a day of thin and choppy trading

Treasuries firmed enduring a choppy session of trading on Tuesday, despite the lack of any major economic releases and Fedspeak. After opening firmer, speculators sold, thanks to early gains on stocks and low-volume position-squaring, said Action Economics. Prices declined further with a sharp selloff in German Bunds leading the move following an increase in German CPI data. But by the end of the session, bond prices recovered and yields fell again at the close.

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