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Wednesday, October 21, 2009
Treasurys Down After Beige Book Cites Small Gains
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Treasury prices declined on Wednesday, with yields remaining higher, after the Federal Reserve noted small gains in economic activity but weakness in the commercial-real estate and banking sectors. In its so-called Beige Book, districts also reported little or no price pressures. Yields on 10-year notes rose 4 basis points to 3.39%. U.S. debt had been under pressure before the release as U.S. stocks rose and bond traders booked profits after three days of gains.
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