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U.S. bond yields decline after peak
U.S. Treasury bond yields declined after rising to their highest levels in several decades, with the 10-year bond yields dropping to their lowest since April 2002 at 5.269%, and the 30-year bond yields falling to 5.638%. This came after a significant increase driven by data indicating a slowdown in the growth of the services sector. Investors are heavily relying on the Federal Open Market Committee (FOMC) meeting minutes scheduled for release tomorrow, as it is expected that interest rates will remain unchanged, with the market closely watching for signals on monetary policy direction.
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