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U.S. Treasury bond yields declined after rising to their highest levels in years, as investors bought in following statements from a Federal Reserve official suggesting a slowdown in inflation and the possibility of keeping interest rates steady. The yield on 10-year bonds fell to 4.755%, while the 2-year yield decreased to 4.332%. In Europe, the yield on 10-year German bonds dropped to 3.362%, despite having increased since 2011, while the French yield rose to 4.237% amid concerns over fiscal deficits. Markets are also awaiting the upcoming U.S. employment report scheduled for Friday.
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