Fear Of Fiscal Cliff Fiasco Boosts Demand For Bonds
Treasury prices rose Wednesday with observers citing concern that U.S. lawmakers might not avoid a set of spending cuts and tax hikes set for the new year that would likely damp economic growth. However, stocks were said to be up at least partly on the view a deal would be reached to mitigate that danger. "Stocks seem to be reacting positively due to the feeling a 'fiscal cliff' deal gets done soon," said Tom DiGaloma, managing director at
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