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U.S. Treasury yields fall after auction
U.S. 10-year Treasury bond yields declined after hitting a record high of 5.35%, the highest level since 2002, following a strong $39 billion auction. The auction attracted demand from non-dealer buyers, including central banks, despite the yield reaching its highest point since 2000 at 5.3%. This came amid ongoing investor concerns about inflation and rising energy prices, as well as increasing bond yields in foreign markets, amidst Federal Reserve officials' expectations of a potential interest rate hike before the end of the year.
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