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The New DU. Reply #21: US Treasuries up on subdued Nov inflation measure
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UpInArms
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Thu Dec-22-05 08:54 AM
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| 21. US Treasuries up on subdued Nov inflation measure |
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http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-12-22T134415Z_01_NAT001928_RTRIDST_0_MARKETS-BONDS-PCE-URGENT.XMLNEW YORK, Dec 22 (Reuters) - U.S. Treasury debt prices ticked higher on Thursday morning on a lower-than-expected core inflation reading in November, which suggested the Federal Reserve has kept inflationary pressures well contained.
The core personal consumption expenditures index, the Fed's preferred inflation measure, ticked up 0.1 percent in November, below economists' expectations of a 0.2 percent increase and matching October's 0.1 percent rise.
Benchmark 10-year notes, adding to earlier gains, were up 7/32 to yield 4.466 percent compared with 4.494 percent on Wednesday.
Two-year notes were up 1/32 for a yield of 4.427 percent, versus 4.444 percent on Wednesday.
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