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10-year Treasury yields close in on the 5% mark again

Just when you thought that the backing off from 5% might trigger a bit more of a retracement, it all but lasted a day - more or less. 10-year Treasury yields hit above 5% for the first time since 2007 on Monday before falling to near 4.80% subsequently. But now, we're talking about a return towards the former again as yields are up another 2 bps today to 4.977% currently.Keep in mind that after the 5-year auction yesterday, there will be a 7-year auction in Treasuries today as well. The event ye... Read More

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Posted: Oct 26 2023, 06:31

Author Name: forexlive

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