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Treasuries rally must clear $78bn hurdle, inflation report

Bloomberg After the longest advance in Treasuries since April, bond traders banking on even lower yields have some hurdles to clear as the market prepares to absorb $78 billion in new coupon-bearing debt and some key readings on the economy. A five-week rally has brought benchmark 10-year yields to the brink of the lowest levels in the past six months, ...

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Cryptocurrencies crash sends Bitcoin to another 2018 low

Bloomberg Cryptocurrencies continued their epic slide with a fresh bout of losses after the SEC dashed hopes that a Bitcoin exchange-traded fund would appear before the end of this year. Bitcoin, the largest digital token, slumped as much as 10 percent, taking it down past $3,250 to the lowest level since September 2017, according to consolidated pricing compiled by Bloomberg. ...

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Gradual rate increases apt in near term, says Fed’s Brainard

Bloomberg Federal Reserve Governor Lael Brainard said US economic momentum is strong and a gradual approach to interest-rate increases remains appropriate for now. “The gradual path of increases in the federal funds rate has served us well by giving us time to assess the effects of policy as we have proceeded,’’ Brainard said at a conference at the Peterson Institute ...

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