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Bonds edge higher in light trading
Treasuries recover after pre-Thanksgiving slide, dollar rises in quiet post-holiday session.
November 25, 2005: 3:02 PM EST

NEW YORK (CNNmoney.com) - Bonds rose and the dollar gained Friday as traders looked ahead to next week's jobs report and a speech by Alan Greenspan.

In the Treasury bond market, the benchmark 10-year note rose 11/32 to 100-17/32 to yield 4.43 percent, down from 4.47 late Wednesday. The 30-year bond added 25/32 to 110-17/32 to yield 4.66 percent, down from 4.70 in the previous session. Bond prices and yields move in opposite directions.

In currency trading, the dollar gained against the euro and the yen.

The bond market closed early along with the stock market in a holiday-shortened session the day after Thanksgiving.

Financial markets were closed on Thursday for the holiday.

In shorter-dated debt, the two-year note gained four ticks, yielding 4.33 percent, and the five-year note rose 6/32, yielding 4.34 percent.

There were no major economic reported Friday, though investors were eyeing the start of the holiday shopping season on "Black Friday." (Full story).

In currency trading, the euro bought $1.1721, down from $1.1819 late Wednesday.

The dollar bought ¥119.63, up from ¥118.72 in Wednesday's session.

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To get the full story on bonds' dip before Thanksgiving, click here.  Top of page

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