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TREASURIES-US yields drop after in-line inflation data
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TREASURIES-US yields drop after in-line inflation data
Nov 13, 2024 5:59 AM

NEW YORK, Nov 13 (Reuters) - U.S. Treasury yields fell

on Wednesday after data showed no major surprises on inflation

in the world's largest economy, coming in largely in line with

forecasts, suggesting that the Federal Reserve will cut interest

rates as expected next month.

The benchmark 10-year yield slid 5.1 basis points (bps) to

4.382%, while the two-year yield, which reflects

interest rate expectations, were down 7.3 bps at 4.271%

.

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