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U.S. Debt Cheapest Versus Peers Since ’07 as Data Beat Forecasts

From bloomberg.com

Treasuries were the cheapest versus their international counterparts in seven years as a gauge of economic data showed figures are beating analysts’ forecasts by the most since February. The U.S. is scheduled to sell $35 billion of five-year notes and $13 billion of two-year floating-rate debt today, followed by $29 billion of seven-year securities tomorrow. A two-year auction yesterday drew close to the highest yield in three years after Federal Reserve Chair Janet Yellen said last week the central bank may raise interest rates from zero sooner than policy makers estimate if labor markets keep improving. “Short-term ... (full story)

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