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Treasury revenues dip amid lower interest rate hike expectations
U.S. Treasury bond yields declined slightly after a sharp sell-off last week, as investors awaited the Federal Reserve's meeting minutes. The 10-year bond yields dropped to 5.255%, the 30-year yields to 5.614%, and the 2-year yields to 4.797%. The weak monthly jobs report helped ease fears of another interest rate hike, with an 82% expectation that the current rate will remain unchanged at the upcoming Federal Reserve meeting, as investors await upcoming service sector data and the next meeting's minutes.
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