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Treasuries rose as the Federal Reserve asked bond dealers how asset purchases will influence yields, encouraging speculation policy makers remain open to large acquisitions as they try to spur the economy.
Benchmark 10-year notes advanced for the first time in seven days, ending the longest stretch of losses in two years and pushing the yield down from almost a one-month high.
U.S. government debt fell yesterday as a Wall Street Journal story suggested that a Fed program bond dealers expect to be enacted next week to boost growth will be gradual.
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