Long-Term Treasury securities surged higher yesterday as the market priced in the favorable October inflation numbers it expects to get this week.

Late in the day, the wehn-issued 8% 30-year bond was 1 1/32 higher at 102 11/32-102 15/32 and yielded 7.78%. That is just a hair away from the year's previous high of 7.77% posted on Oct. 7.

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