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Weak demand at auction of 30-year Treasury bonds

A government auction of 30-year Treasury bonds is drawing weak bids as investors return to buying European debt. The Treasury Department sold $13 billion in 30-year bonds Thursday at a higher yield than similar bonds fetched on the market at the time. A bond’s yield rises as its price falls. Data from CRT Capital Group… Continue Reading Weak demand at auction of 30-year Treasury bonds

Fountain demand for business going unmet

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The City of Fountain, roughly 13 miles south of Colorado Springs, is on the precipice of a population boom, and it wants more businesses — now. Fountain Valley’s population, which includes Security and Widefield, is around 88,000, and city officials expect that number grow 14 percent by 2014, when troops return to neighboring Fort Carson… Continue Reading Fountain demand for business going unmet

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Oil prices fell below $92 a barrel Wednesday as more signs of a slowing U.S. economy raised concerns about demand for everything from gasoline to natural gas used to cool homes. Benchmark West Texas Intermediate crude dropped $2.10 to $91.69 a barrel in midday trading on the New York Mercantile Exchange. In London, Brent crude… Continue Reading Oil falls on concerns about economy and demand

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Low demand forces drop in oil prices

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Oil prices fell below $52 a barrel Friday, following a huge rally the previous day, as U.S. unemployment data showed the world’s largest economy is continuing to lose jobs. Benchmark crude for May delivery was down 86 cents to $51.78 a barrel by mid-afternoon in Europe in electronic trading on the New York Mercantile Exchange.… Continue Reading Low demand forces drop in oil prices

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