US Treasuries spurt higher as credit and recession fears flare up |
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Markets: Fixed Income On Thursday, global bonds rallied higher amid new safe haven flows related to weak US eco data and comments of Bernanke that some small US banks may go bankrupt. During the morning session, bonds traded still mainly sideways, as the European eco (German unemployment and retail PMI) and inflation data (Belgian CPI) came out on the stronger side of expectations. The weakness in the equity markets however got the upper hand and led bonds higher. This trend accelerated during
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