Bonds Climb On Skepticism That Recovery Is Real, Pare Gains After 3-Year Auction
Treasuries rose Tuesday, heartened by the realization that despite last week's improved jobs report for November, the Federal Reserve would be in no hurry to raise interest rates. On Friday, bond prices fell because news of shrinking job losses in November argued the case for economic recovery and raised the prospect of less monetary accommodation next year. Some of that sell-off was reversed Monday when Fed Chairman Ben Bernanke said modest
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