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Yields drop to nine-month lows as oil prices resume slide
Shoaib Ur Rehman
02 Feb, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/02/us-treasury-note.jpg">NEW YORK: US Treasury yields fell to nine-month lows on Tuesday on safety buying as oil prices resumed their slide, with investors also focused on a closely watched employment report on Friday for signs about the strength of the US economy. </P><P>Volatile oil and stock prices have boosted demand for safe-haven bonds in recent weeks. </P><P>Oil fell around 4 percent on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded. </P><P>Added demand for Treasuries after yields broke below recent resistance levels and market positioning was also seen potentially adding to the strength of Tuesday's rally. </P><P>)
