US Treasury debt prices rise

Posted by 7Star Friday, January 22, 2010

US Treasury debt prices rose on Thursday as Obama administration proposals to rein in financial risk sent stocks tumbling and boosted the safe-haven appeal of government debt. Treasuries reversed early losses as the Dow Jones industrial average hit a session low and the Nasdaq Composite Index and the Standard & Poor's 500 Index also dropped, pulled down by financial firms and natural resource companies. Major stock indices lost more than 1 percent.

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