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Treasury Prices Rise After Housing Report

Tuesday, March 20, 2007 10:58:10 AM

NEW YORK (AP) - U.S. Treasury prices were higher Tuesday morning following a mixed housing report and ahead of this week's Federal Reserve meeting.

At 11 a.m. EDT, the 10-year Treasury note was up $2.19 per $1,000 in face value, or 7/32 point, from its level at 5 p.m. Monday. Its yield, which moves in the opposite direction, fell to 4.54 percent from 4.57 percent.

The 30-year bond rose 9/32 point. Its yield fell to 4.70 percent from 4.72 percent.


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