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TREASURIES-30Y bond price falls 1 full point after data

Tue May 13, 2008 1:00pm EDT
 
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(Updates with long bond down over a point)

NEW YORK, May 13 (Reuters) - The 30-year Treasury bond's price fell more than a full point on Tuesday in the aftermath of a stronger-than-expected U.S. retail sales report and data showing persistent import price inflation.

The 30-year Treasury bond's price, which moves inversely to its yield, fell 1-7/32 for a yield of 4.62 percent <US30YT=RR>.

Long-maturity fixed income securities are particularly vulnerable to inflation pressures, which erode bond values over time. (Reporting by John Parry; Editing by James Dalgleish)

 

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