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NEW YORK (AP) - The U.S. Treasury market ended a tepid session Monday with prices little changed on the day, recovering from modest losses earlier in the session.
The opening wave of selling had resulted from buoyant stocks and softening oil prices, in a day where the one economic report on the calendar, the December leading economic indicators report from the Conference Board, had little influence on trade.
Market participants tied the lethargic and ultimately stable price action to an environment where U.S. Federal Reserve policy concerns and upcoming supply are limiting the room to maneuver. Adding to that, there's little in the way of major economic data due this week outside of existing home sales for December on Wednesday, December durable goods Thursday, and the first look at the fourth-quarter gross domestic product Friday.
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