Profit-takers took bond prices lower Friday after a one week climb that was unscathed by setbacks.

After a five-day string of price gains, market players sold off, taking profits, even though the consumer price report confirmed that inflation remains in check. Backing Thursday's producer price report, the consumer price index came in at market expectations, gaining 0.2% in November, as all price categories advanced except energy, the Labor Department reported. The core CPI, excluding food and energy, increased 0.3%.

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