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Bonds regain lost ground on data, rumors
Treasuries staged a stirring fight back on Monday, recouping a slug of early losses to stand steady on the day after key U.S. factory data proved softer than bond bears had been betting on.
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BY WAYNE COLE,
Reuters,
12/02/2002 02:12 PM PST)
Grains, soybeans edge downward
Grain and soybean futures finished slightly lower Monday on the Chicago Board of Trade after early buying interest petered out in an uncertain market.
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Associated Press,
12/02/2002 12:55 PM PST)
Oil Jumps on Venezuela Strike, Iraq
World oil prices jumped Monday as anti-government protesters held a strike in exporter Venezuela, and ahead of key U.N. decisions affecting supplies from Iraq where weapons inspections began last week.
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Reuters,
12/02/2002 12:02 PM PST)
Rates Mixed in Latest Auctions
Interest rates on short-term Treasury bills were mixed in Monday's auction with six-month bills rising to the highest level in a month while rates on three-month bills were unchanged.
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Associated Press,
12/02/2002 11:03 AM PST)
Turkey, IMF discuss $16 billion austerity plan
Turkey's new government held its first official talks with the International Monetary Fund Monday about the cash-strapped nation's intent to implement a $16 billion austerity program.
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Associated Press,
12/02/2002 10:18 AM PST)
U.S. Treasury prices mixed
Treasury bond prices were mixed at midday Monday. The price of the Treasury's 10-year note was down 1/4 point, or $2.50 per $1,000 in face value, around midday Monday, while its yield rose to 4.24 percent from 4.22 percent late Friday. Prices and yields move in opposite directions.
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Associated Press,
12/02/2002 09:03 AM PST)
Weak data trims dollar gains
The dollar fell from five- and four-week highs against the yen and euro, respectively, on Monday after a weaker-than-expected November U.S. manufacturing report dampened enthusiasm for U.S. stocks and the greenback.
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BY DANIEL BASES,
Reuters,
12/02/2002 08:50 AM PST)
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