US 10-year Treasury yield falls as Treasury moves to calm bond market
The US 10-year Treasury yield dropped sharply on Wednesday to 4.651% after an earlier intraday high, with the Treasury stepping in to calm the bond market.
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The US 10-year Treasury yield declined sharply on Wednesday, trading at 4.651% at the time of writing after reaching an intraday high earlier in the session.
The move came as the Treasury took steps to calm the bond market. The decline in the benchmark yield points to higher Treasury prices and easing pressure in rates.
Source: FXStreet Forex News