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NEW YORK (AP) - Neither a mediocre two-year note sale nor a modest gain in consumer prices could derail a U.S. government bond rally Wednesday that picked up steam as the New York session wound down.
Prices on longer-dated maturities began marching out of negative territory in early morning trade and managed to hold on to their gains throughout the day, dragging shorter-term Treasurys a touch higher as well.
At 5 p.m., the 10-year Treasury note was up 11/32 point from Tuesday. Its yield, which moves in the opposite direction, fell to 4.53 percent from 4.57 percent Friday.
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