Kevin Flanagan News
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The Treasury 10-year note yield fell to the lowest level this year as a government report showing the economy grew at a slower pace than forecast in the first three months boosted demand for the safest assets.
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Treasuries rose for the first time in seven days as investors seeking the safety of shorter- maturity debt boosted demand at the U.S. sale of $32 billion in three-year notes.
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Corporate bond sales from the U.S to Europe and Asia surpassed 2009’s record to reach $3.9 trillion this year as borrowing costs plunged to the lowest ever.
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Company bond sales worldwide are on pace for the slowest February since 2008 as the prospect of rising interest rates in the U.S. and persistent recession in Europe quashes the busiest start to a year on record.
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The Treasury 10-year note yield fell to the lowest in four weeks as investors sought the safety of U.S. debt amid concern the global recovery is slowing.
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Treasuries rose, with 10-year note yields breaking out of the narrowest range in two months, as U.S. stocks fell after a report showed housing starts declined more than forecast in December.
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Borrowers are offering the biggest concessions since the start of the year to sell new corporate bonds in the U.S. as Europe’s sovereign-debt turmoil intensifies and signs emerge that America’s economy is weakening.
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Treasuries rose as Federal Reserve Chairman Ben S. Bernanke refrained from endorsing the use of additional stimulus measures while a government report showed economic growth slowed more than forecast last quarter.
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Treasuries fell, pushing 10-year note yields up from almost a record low, as investors bet price gains were overdone before the U.S. sells $99 billion of coupon- bearing debt next week.
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Tax-exempt bonds gained for a fourth straight week, the longest stretch since May, as yields remained higher than U.S. Treasuries and as investors saw the bankruptcy of Jefferson County, Alabama, as an isolated event.
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