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Wednesday March 17, 12:11
Treasurys supported by Fed's view of hiring

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Short-term Treasury notes recovered to trade modestly higher after the Federal Reserve said that new hiring still lags, while stressing again that it can be "patient" in raising U.S. interest rates. The Federal Reserve as expected left its key interest rate at a four-decade-low 1 percent. Treasurys were lower earlier Tuesday amid uncertainty the Bank of Japan will keep up its aggressive dollar-buying intervention, perhaps cutting its purchases of U.S. bonds, for which it used currency-market intervention proceeds.
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