NEW YORK (Reuters) - CIT Group Inc CIT.N shares rose 44 percent to 59 cents after the open on Friday after traders in the U.S. Treasury bond market said there was speculation of a buyer for the struggling lender.
Treasury bond prices were pressured in part by the speculation surrounding CIT Group.
The company could not be reached for comment.
(Reporting by Chuck Mikolajczak, Editing by Chizu Nomiyama)
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