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Treasury yields tumble as investors weigh debt ceiling talks, Fed rate policy
U.S. Treasury yields declined on Monday as investors fretted over debt ceiling deal negotiations and assessed what could be next for Federal Reserve interest rate policy after mixed messages from officials. At 4:03 a.m. ET, the 10-year Treasury was trading more than four basis points lower at 3.6497%. The yield on the 2-year Treasury was last down by over six basis points to 4.228%. Yields and prices move in opposite directions and one basis point equals 0.01%. Talks about a debt ceiling deal are set to continue Monday, with President Joe Biden and House Speaker Kevin McCarthy being expected to meet for negotiations. ... (full story)