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U.S. bond yields inch higher as traders await Wednesday’s crucial inflation data

U.S. bond yields nudged higher Tuesday morning as traders sold off government debt ahead of inflation data that may impact the Federal Reserve’s thinking on the path for interest rates. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.259% rose to 3.247% from Monday’s 3.214% level. The yield on the 10-year Treasury TMUBMUSD10Y, 2.792% climbed to 2.803% from 2.763% on …

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Breaking: Nasdaq drops over 4% as Treasury yields jump

  The Nasdaq Composite slumped 474 points, or 3.7%, Thursday morning, more than taking back the previous session’s sharp rise seen after the Federal Reserve delivered a half-point interest rate increase but signaled it was taking a 75 basis point move off the table. Tech-related shares led the drop for stocks as Treasury yields, which …

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