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To: craig crawford who wrote (432)7/5/2001 11:32:35 PM
From: craig crawford  Read Replies (1) | Respond to of 1643
 
Thursday July 5 5:39 PM ET
T-Bonds Fall on Signs Economy May Improve
dailynews.yahoo.com

By Ross Finley

NEW YORK (Reuters) - Long-dated U.S. Treasuries sank for a seventh session in eight on Thursday after a report showed that the vast U.S. services sector unexpectedly strengthened in June, boosting hopes that the sluggish economy is on the brink of recovery.
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At the 5 p.m. EDT New York close, benchmark 10-year Treasury notes (US10YT-RR) fell 5/32 to 96, yielding 5.40 percent. Thirty-year bonds (US30YT-RR) shed 9/32 to close at 94-26/32, yielding 5.74 percent. Two-year notes (US2YT-RR) rose 2/32 to 99-9/32, yielding 4.22 percent, while five-year notes (US5YT-RR) fell 2/32 to 98-27/32, yielding 4.89 percent.
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The Commerce Department (news - web sites) also announced it had revised down its figures for U.S. consumer spending in May to a 0.3 percent increase from its original 0.5 percent figure, owing to a glitch in data released earlier in the week.