WASHINGTON -- Treasury bond prices slumped yesterday as profit-taking and fear of next week's events ultimately eclipsed one of the best wholesale price reports in years. Early in the day, the benchmark 30-year bond surged about two4hirds of a point after the Labor Department reported that producer prices fell 0.5% for the second month in a row in October -- the first back-to-back decline in over three years.

Bond prices crumbled in the afternoon, however, as traders took profits, after two days of modest gains, and few players were willing to sit long going into next week, analysts said.

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