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Treasury Yields Move Higher

From Standard & Poor's Equity ResearchAction Economics: Treasury yields chopped higher with stocks after shrugging off the drop in existing home sales as more of the same from that sector. The benchmark 10-year yield extended its rise toward 4.0% again after finding a base at 3.96% earlier. The curve continues to flatten as the front-end underperforms with the rebound on equities, with the 2s-10s spread now inside +84 bp.

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