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Thursday, January 21, 2010

Treasurys turn higher on recovery doubts

Treasurys rose Wednesday as investors questioned the strength of economic recovery after a lackluster housing report and earnings releases from three of the nation's major banks, boosting demand for the perceived safe haven assets.

Treasurys were lower Tuesday in a quiet trading session as investors digested the previous week's $84 billion offering in U.S. debt.

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