December 28, 2012 at 18:02 PM EST
Bonds Log 3rd Straight Gain As Fiscal Positions Harden
U.S. benchmark Treasury debt prices rose for a third consecutive session on Friday on safe-haven buying as hopes faded for a deal to avoid tax hikes and spending cuts that could throw the U.S. economy back into recession. Investors are focused on Washington as President Obama and lawmakers launch a last-chance round of budget negotiations days before a New Year's deadline to reach a deal. Expectations remained low that a deal would be reached by
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