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Bond Report: Treasury prices trim losses as FBI reviews Clinton-related emails

Treasurys enjoyed a brief rebound Friday, pulling yields back from highs, after the Federal Bureau of Investigation said it would review newly discovered emails in connection to its investigation of Democratic presidential nominee Hillary Clinton’s private computer server.

The news sparked a modest flight to safety into government bonds as equities turned south. Other haven assets, such as gold, also rallied.

Yields, which move in the opposite direction of prices, still rose sharply this week due to growing worries over the potential for inflation and uncertainty about the outlook for monetary stimulus.

The Clinton news is “clearly not positive for risk sentiment right now,” said Aaron Kohli, interest-rate strategist at BMO Capital Markets.

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