Bonds Firm After Bernanke Casts Doubt On Talk Of Rate Increase In Near Future
Treasuries rose Monday after bond investors took a breath and realized that the Federal Reserve was not going to raise interest rates soon, despite the slower pace of labor market deterioration. Bonds appeared more secure in the plus column when Fed Chairman Ben Bernanke told the Economic Club in Washington that there was some way to go before policymakers could be sure the economic recovery could be self-sustaining. Bernanke forecast modest
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