Bonds News
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Treasuries rose for the first time in four days on speculation Europe’s rescue package for Greece won’t resolve the region’s debt crisis and as the U.S. sold $35 billion of five-year notes.
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Bank of England policy makers Adam Posen and David Miles were defeated in their bid to raise stimulus by 75 billion pounds ($118 billion) as the majority argued such a move might provoke alarm on the economy.
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Treasury seven-year notes may become less coveted in the short-term market for borrowing and lending securities after the government auctions more of the debt.
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German bunds advanced for the first time in a week after European reports showed services and manufacturing unexpectedly contracted this month, boosting demand for the region’s safest securities.