Bond Report: Treasury yields fall further from recent highs after soft economic data
Bond yields fell on Tuesday after soft U.S. economic data raised hopes that the Federal Reserve may be nearing the peak of its tightening cycle. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.022% slipped 10 basis points to 4.010%. The yield on the 10-year Treasury TMUBMUSD10Y, 3.581% retreated 4.8 basis points to 3.587%. The yield on the 30-year Treasury…
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