August 23, 2013 at 18:07 PM EDT
Sour New-Home Sales Data Force Rethink On Tapering
Treasuries rose, pushing yields down from two-year highs, after a report showed purchases of new U.S. homes plunged in July, tempering speculation the Federal Reserve will slow its bond-buying program as soon as next month. Benchmark 10-year yields had touched the highest level since July 2011 after Fed minutes released this week showed most officials are comfortable with a plan to start reducing bond purchases if the economy
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