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U.S. Treasury yields fall as investors assess the state of the economy
U.S. Treasury yields declined Tuesday as investors considered economic data and the state of the economy. At 4:09 a.m. ET, the yield on the 10-year Treasury yield was down by over three basis points to 4.2677%. The 2-year Treasury yield was last trading at 4.6912% after dipping by more than two basis points. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.Investors considered the state of the economy as they looked to data for hints about how it is faring amid higher interest rates and persistent inflation. Data released on Monday showed that new home sales increased by 1.5% in ... (full story)