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Treasury Yields Fall Ahead of Fed Decision

From Standard & Poor's Equity ResearchAction Economics: Treasury yields are holding near session lows in the wake of the large discount rate cut rumor, shrugging off the rise in wholesale sales and drop in inventories. That left the 10-year yield down 4 basis points on the session at 4.11%, as the bond market sets up for the FOMC statement this afternoon. The curve is trading flatter overall at +97 bp between 2s-10s.

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