January 17, 2013 at 18:12 PM EST
Strong Housing-Starts Data Send T-Bond Prices Lower
U.S. government debt prices fell Thursday, as surprisingly strong data on the housing market raised hopes of the U.S. economy accelerating and spurred investors to favor stocks and growth-oriented assets over low-risk bonds. News about the Bank of Japan pursuing a program of open-ended asset purchases to help its economy, similar to the one the Federal Reserve has implemented, limited the drop in Treasuries prices. Benchmark Treasury yields rose
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