04/12/2011 08:38 am ET | Updated Jun 12, 2011

Bond Market Yawned Over Budget Showdown

But the market for Treasury bonds lately has been exceedingly calm. While the money managers who invest in those bonds say they monitored last week's drama over a potential shutdown, it wasn't the major driver of ups and downs in the market. Rather, prices moved based on the usual economic reports and new evidence about what the Federal Reserve will do next.

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