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Bond bulls see opportunity as US government shutdown deadline nears
Strategists expect 10-year yields to fall to 2% should the impasse on government financing stretch into next week
Add BT as a preferred sourcePublished Sun, Apr 23, 2017 · 09:50 PM
Washington
WITH days to spare before Congress has to reach a deal to keep the US government running, bond traders see a potential showdown breathing new life into the Treasury market's rally.
Assuming France's presidential election doesn't roil markets, the April 28 deadline for Congress to at least pass a stopgap spending measure and avert a government shutdown looks set to take centre stage this week, with the calendar mostly devoid of major economic data or Federal Reserve speakers.
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