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US yields mixed after 10-year's steep climb, but uptrend intact
U.S. Treasury yields were mixed on Tuesday, with the 10-year yield pulling back from 16-year peaks touched the previous session and the yield curve flattening a bit, as investors slowed the pace of selling bonds and re-assessed how far rates have gone. The outlook for U.S. yields overall remained tilted to the upside as the world's largest economy has performed better than expected despite aggressive tightening from the Federal Reserve over the last year and a half. After hitting its highest since October 2007, the 10-year yield was little changed at 4.549% US10YT=RR. "With this narrative of a more hawkish Fed at ... (full story)