TREASURIES-30Y bonds tumble on govt credit-crisis measures

Fri Sep 19, 2008 9:32am EDT
 
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NEW YORK, Sept 19 (Reuters) - The price of 30-year U.S. Treasury bonds tumbled early Friday as traders unwound safe-haven debt holdings after the government announced measures aimed at solving the current credit crisis.

The price of the 30-year was down more than 3 points at 101-27/32. Its yield, which moves inversely to its price, was 4.39 percent, compared with 4.20 percent late Thursday. (Reporting by Richard Leong)

 
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