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Friday, November 06, 2009
Treasurys Up After Payrolls Fall More Than Seen
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Treasury prices gained on Friday, sending yields lower, after the Labor Department said the economy lost 190,000 jobs in October, more than economists' expected and raising concern the economic recovery will be painfully slow. The unemployment rate rose to 10.2% from 9.8% in September, much more than the 9.9% rate estimated by analysts. Yields on 10-year notes fell 3 basis points to 3.49%. Yields on 2-year notes declined 2 basis points to 0.86%.
Copyright © 2009 MarketWatch, Inc.
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