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Tuesday, October 27, 2009
Treasurys Uadds To Gains After Confidence Falls
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Treasury prices extended gains Tuesday, pushing yields lower, after a report showed consumer confidence unexpectedly declined this month, with an index falling to 47.7 from a revised 53.1 last month. Analysts surveyed by MarketWatch predicted the index would remain near 53.2. Ten-year note yields declined 5 basis points to 3.51%. Gains may be limited ahead of the government's sale of a record amount of 2-year notes , the second of four auctions of notes and inflation-indexed debt this week.
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