Dow Hit by Treasuries

The ScotsmanMay 13, 2009

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Summary


US STOCKS finished lower after weak demand at a Treasury bond auction touched off worries about the government's ability to raise funds to fight the recession.

The government had to pay greater interest than expected in an auction of 30-year Treasuries. That is a concern to traders because it could signal it will become harder for Washington to finance its ambitious economic recovery plans.

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Dow Hit by Treasuries

The Dow was d...

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