Treasuries Higher

Treasures climbed higher on Tuesday afternoon on speculation that central banks will buy on the European Central Bank's foreign exchange comments

INFORMA: Treasuries endured another light volume trade early on, but ended higher. Treasuries opened higher, but reversed as the market prepped for the upcoming Treasury supply. Prices rebounded by noon, grinding higher all afternoon on rate lock buying, asset reallocation trades by balanced funds, and speculation that central banks will buy the dollar & treasuries on European Central bank foreign exchange comments.

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