Bond prices fell hard on Friday as the market continued to erode steadily in the face of stronger economic data and a distinct lack of investor demand.

Yields began to rise after the U.S. merchandise trade deficit grew 8.3% in September to $10.9 billion as a gain in imports outpaced an increase in exports, the Commerce Department said. Imports grew 3.4% in September, to a record high of $49.8 billion, while exports gained 2.1% to $38.9 billion, the highest level in four months.

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