November 14, 2012 at 17:52 PM EST
Bond Prices End Unchanged As The Fiscal Cliff Looms
Most U.S. government debt prices held steady Wednesday as investors clung to their safe-haven bond holdings on anxiety over whether a protracted gridlock in Washington could cause a federal budget crisis that would send the economy reeling. The Treasury market also recovered from early losses after minutes of the Federal Reserve policy meeting in October, in which a number of Fed officials reckoned the central bank would need to ramp up its bond
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