Treasury Yields Fall for 2nd Session
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The yield on the US 10-year Treasury note fell nearly 3 bps to 4.13%, marking a second consecutive decline. The Federal Reserve delivered a third straight 25 bps rate cut and projected one more reduction in 2026. Fed Chair Powell ruled out a rate hike, and the Fed will begin purchasing $40 billion in short-dated Treasuries to ease borrowing costs.
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