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Economics

Treasury 10-Year Yield Falls to Lowest Since 2009 on Economy

Treasuries rallied, pushing the yield on the 10-year note to the lowest level since April 2009, on concern the economic recovery will remain slow.

U.S. debt gained as a report indicated inflation was contained last month and economists said the nonfarm payrolls report later this week will show employers eliminated 115,000 jobs in June. Group of 20 leaders said over the weekend that advanced economies plan to cut their deficits in half by 2013, allowing them to curb record bond sales.