Treasurys fall as investors cash in gains
BY TIM PARADIS : AP Business Writer
Aug 29, 2008
Treasury prices mostly fell Friday ahead of the long holiday weekend as traders booked profits in an abbreviated session. Investors examined an apparent improvement in Midwest business conditions, which perhaps dampened demand for the safety of government debt. The Chicago Purchasing Managers' index, which measures business conditions across Illinois, Michigan and Indiana, jumped to 57.9 in August from 50.8 in July.
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