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Credit starvation fallout
By LOU BARNES Long-term Treasury rates rose under pressure from constant borrowing, but mortgages did well, holding at 5 percent with lowest fees. Versus the 10-year Treasury note at 3.7 percent, that’s the narrowest spread ever measured. Retail sales for February this morning have been mis-described as a strong surprise; in reality, post-revisions, January and February were close to flat versus December. More »

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