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TREASURIES-30-yr plunges over 3 points

Thu May 7, 2009 11:39pm IST
 
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NEW YORK, May 7 (Reuters) - The 30-year Treasury bond dived over three full points in price as a weak long bond auction excarbated an already severe market rout.

The 30-year maturity was now yielding 4.29 percent, up a full 20 basis points in just one session and its highest level since November.

(Reporting by Pedro Nicolaci da Costa)

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