Summary Box: Treasury prices gain as stocks take another downward turn

By AP
Thursday, August 26, 2010

Summary Box: Bond prices move up as stocks fade

MIXED START: Treasury prices were mixed for much of the day. An encouraging report on receding claims for unemployment insurance provided only temporary optimism about the economy.

BACK TO SAFETY: A slide in stocks that accelerated in the afternoon led investors to once again seek out the relative safety of bonds.

ANOTHER AUCTION: An auction for seven-year notes was met with decent demand, lending support to Treasury prices.

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