Fiscal, Middle East Cliffs Make For Steady Bond Bids
Posted on November 16, 2012 at 17:56 PM EST
Government debt prices rose Friday, with yields touching their lowest levels in over two months on skepticism over whether Washington will produce a deal to avoid a budget crisis and worries about fighting between Israel and the Palestinians. The bond market's gains were capped by steadier Wall Street stocks, which had been pummeled by fears that President Obama and Congress will fail to reach a timely compromise to avoid the "fiscal cliff," a