TREASURIES-US debt prices up after price cuts draw buyers
Dec-15-2010--NEW YORK, - US Treasuries prices rose slightly on Wednesday as recent price cuts drew buyers, but gains were modest as riskier assets like stocks vied for investors' cash.
Economic reports on inflation and manufacturing mainly met the market's expectations.
But the current market view that a combination of fiscal and monetary stimulus would push growth higher in the first half of next year restrained buying, favoring riskier assets at the expense of safe-haven U.S. government debt.
Manufacturing in New York Region Rebounds More Than Forecast by Economists
Empire State Manufacturing Surges
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