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Treasurys sell off after data shows robust spending, higher inflation

10/12/07 17:45 EDT

NEW YORK (AP) - Treasury prices sold off Friday after a surprisingly robust retail sales report was seen as the latest evidence that the Federal Reserve has no reason to cut rates this month.

The Commerce Department reported a 0.6 jump in sales for September, twice what the market expected. When car and gasoline sales were stripped out, the rise was... Full Bonds Story