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TREASURIES-Price losses pared in the wake of Fed statement
January 30, 2013 / 7:31 PM / 5 years ago

TREASURIES-Price losses pared in the wake of Fed statement

NEW YORK, Jan 30 (Reuters) - U.S. Treasury debt pared prices losses on Wednesday after the Federal Reserve reiterated it will continue its current program of asset purchases until the labor market improves “substantially.”

Benchmark 10-year Treasury notes were trading 1/32 lower in price with the yield little changed from late Tuesday at 2.001 percent. Benchmark notes had been trading 8/32 lower in price just prior to the release of the Fed’s latest policy statement.

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