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Europe's Political Tensions Push Up U.S. Bond Prices
Posted on April 23, 2012 at 18:17 PM EDT
U.S. government debt prices climbed Monday and benchmark yields flirted with two-month lows as political uncertainty in Europe drove worries about the region's ability to manage its debt crisis. Investors dumped stocks and commodities in favor of the safety of U.S. and German government debt, raising expectations for strong demand for this week's $99 billion in coupon Treasuries supply. Rattling nerves were prospects that a Socialist could win the
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