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10-year Treasury yield slides as key inflation report comes in as expected

Treasury yields slid and prices rose on Wednesday as a key inflation reading met market expectations. The yield on the 10-year Treasury fell 5.4 basis points to 4.248%, while the 2-year Treasury yield dipped 3.3 basis points to 4.221%. One basis point equals 0.01% and yields and prices move in opposite […]

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