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Rates trade in tight range on uneven economic data

Associated Press

Posted on March 12, 2010 at 2:00 PM

Updated Friday, Mar 12 at 2:00 PM

NEW YORK (AP) — Interest rates were mixed in the bond market after uneven economic reports gave investors conflicting signals.

Long-term Treasury prices are rebounding Friday after sliding Thursday. The rise in prices pushed yields lower.

The yield on the 10-year Treasury note that matures in February 2020 is down to 3.71 percent from 3.73 percent late Thursday. Its price is up 7/32 at 99 10/32.

A drop in consumer confidence pushed up demand for safe-havens. But retail sales came in stronger than forecast.

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