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Treasuries Rise after GE Earnings Miss, Consumer Confidence Drop



By Eric Stewart
12 April 2008 @ 01:10 am EST

Treasuries rose on Friday after U.S. industrial conglomerate General Electric Co. earnings came short of the target and after consumer confidence fell to a 26-year poll.

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The Reuters/University of Michigan index of consumer sentiment fell to 63.2 from 69.5 in March.

Two year treasury notes rose 6/32 in price to 1.750 percent at 5:21 p.m. in New York. Ten year notes were up 20/32 to 3.477.

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