November 06, 2012 at 17:46 PM EST
Election, Mediocre Auction Drive Bond Prices Lower
Prices of U.S. Treasuries slid on Tuesday as investors opted for riskier assets such as equities rather than government debt as the neck-and-neck U.S. presidential election draws to a close. A lackluster auction of $32 billion in three-year notes underscored investors' weariness with safe-haven U.S. debt. "It looks like everybody's putting their money in stocks today, a little bit of a 'thank God it's over' trade," said Kim Rupert, managing
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