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U.S. Treasury yields rose as investors increasingly expected the Federal Reserve to raise interest rates in December. The 10-year yield climbed 2 basis points to 5.1271%, and the 30-year yield rose 3 basis points to 5.4602%, while the 2-year yield fell 1 basis point to 4.8525%. According to the FedWatch tool, the odds of a rate hike at the December 9 meeting stand at 100%, with a 25-basis-point increase favored at 87%, compared with 13% for a 50-basis-point increase.
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