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Treasurys Gain, Dollar Stays Up After GDP

By Deborah Levine

Published July 30, 2010

| MarketWatch Pulse

NEW York -- Treasury prices climbed slightly and the dollar pared gains after a report said the U.S. economy grew 2.4% in the second quarter, a little lower than many analysts expected, but following a first-quarter that was revised much higher than initially reported. Yields on 10-year notes which move inversely to prices, fell 7 basis points to 2.93%. The dollar index , which tracks the U.S. unit against a basket of major currencies, traded at 81.680, compared to 81.750 before the data and up from 81.559 in North American trade late Thursday. The euro fell to $1.3039, down from $1.3094 late Thursday. Still to come is a pair of regional manufacturing reports and data on consumer confidence.

Copyright © 2010 MarketWatch, Inc.

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