Treasuries fall amid fiscal talks

Treasury 10-year note yields traded in the narrowest range in two weeks Monday as the year-end deadline approached in a budget-deficit showdown that may push the world’s biggest economy into recession.

Bonds slipped for the first time in four days amid speculation President Barack Obama and Republicans may reach an agreement to avert more than $600 billion in automatic tax increases and spending cuts set to begin in January. Trea- suries fell for three straight weeks this month as lawmakers worked to end the stalemate.

— From wire reports

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