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Yields steady after New York manufacturing data
U.S. Treasury yields held steady on Monday after rising slightly on New York manufacturing data in the morning, as market participants await a signal for monetary policy at the U.S. Federal Reserve's meeting next week. Benchmark 10-year note yields US10YT=RR dipped slightly on the day to 3.810%, from around 3.824% before the data. They are down from an eight-month high of 4.094% reached on July 7. Interest rate sensitive two-year note yields US2YT=RR held at 4.750%. They are down from 5.12% hit on July 6, their highest since June 2007. The Empire State Manufacturing Survey's general business conditions index, ... (full story)