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Demand at U.S. Treasury auctions fell this year to the lowest since 2009 as Wall Street dealers and central banks pulled back.With the Federal Reserve signaling plans to raise interest rates four times next year after liftoff from near zero this month, dwindling bids from two mainstays of the $13.1 trillion Treasurys market leave the government more dependent on private buyers.The retreat by dealers and central banks adds to the headwinds for investors as the Fed guides rates higher – Treasuries have returned 0.9 percent this year, including reinvested interest, down from 6.2 percent in 2014, data compiled by Bloomberg show.The biggest bond dealers have bought $705 billion this year at auctions, down from a postcrisis high of $1.03 trillion in 2009, Treasury data show.Foreign central banks have reduced Treasurys every month this year through October, by a combined $179 billion, on pace for the biggest annual decline in data going back to 1978 .
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