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Treasuries rose, as oil prices plungd, on Ayatollah Sistani's ceasefire attempts in Najaf, Iraq, where the Imam Ali shrine is located. The news comes following an earlier bloodbath that killed 47 people and wounded hundreds.
There was some buying earlier on higher Jobless Claims, but most traders are watching to see if Federal Reserve Chief Greenspan is bullish about the economy in his speech Friday to the Kansas City Fed meeting in Jackson Hole, Wyoming.