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‘Leave It to Beaver’ savings lifts bond holdings

U.S. government debt is gaining favor with a group of investors who lowered their exposure to Treasuries in nine of the past 11 years — American citizens. Merrill Lynch & Co. says U.S. bonds owned by individuals likely will account for 2 percent of households’ financial assets by 2013, up from 0.2 percent now. That level ...

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