November 21, 2012 at 18:12 PM EST
Profit-Taking Dents T-Bond For Third Straight Session
Treasury prices slipped for a third day Wednesday in light trading volume as investors took profits on a recent rally that pushed yields to two-month lows, while the Federal Reserve sold short-term debt and the Treasury auctioned securities. The safe-haven value of Treasuries has been undermined this week by some expectations the government may be able to reach an agreement to head off the so-called "fiscal cliff" of tax increases and spending
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