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MARKETS
Treasury notes end year down
Thanks to faster economic growth and speculation that the Fed will raise target interest rates, U.S. Treasury notes posted their first annual decline in 4 years. Benchmark 10-year yields rose 0.45% since January to end the year at 4.25%. During the year, the five-year note yield rose to 3.22% from 2.74%. In light U.S. trading Wednesday, the benchmark 10-year note closed at 4.25%.
IN BRIEF
American Capital Strategies bought Lincolnshire Equity Fund's stake in 3SI Security Systems, which makes bank-robbery prevention devices, for $58 mil. The private equity fund American Capital now has an 86% stake.
Christopher & Banks Corp. posted a 7% decline in Dec. sales at ...