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Treasury market closes the quarter in a stalemate

Mr Gross: "US fiscal policy is still in flux but a large tax cut may push yields higher as well."

THE Treasury market's bulls and bears are ending the quarter in a virtual stalemate, a sign of scepticism towards the economic outlook that belies the near-record levels in US stocks. Treasuries have gained about 0.7 per cent this year, stabilising after the biggest quarterly loss since the...

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