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Short-term US yields low as policymakers could act
Short-term U.S. debt will likely be rangebound in coming sessions on expectations that global policymakers will keep interest rates low to help spur sluggish economies and keep the euro zone intact. European Central Bank President Mario Draghi is said to be holding talks with other council members on new ECB measures, according to Bloomberg. The news sent riskier assets such as equities higher around the world as analysts saw policymakers pushing to keep the monetary union together even as the region's debt crisis threatens to engulf larger economies in the zone. But prices on Treasury bills didn't seem to react, ... (full story)
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