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NEW YORK (AP) - Treasury prices pushed higher Monday morning after a report that new home sales unexpectedly fell for the second month in a row, with investors cheered by the weaker picture painted of the U.S. housing sector.
At 11 a.m. EDT, the 10-year Treasury note was up $3.44 per $1,000 in face value, or 11/32 point, from its level at 5 p.m. Friday. Its yield, which moves in the opposite direction, fell to 4.57 percent from 4.62 percent.
The 30-year bond rose 18/32 point. Its yield fell to 4.77 percent from 4.80 percent.
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