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Dec. 7 (Bloomberg) -- Treasuries fell, following the biggest gain in almost three weeks, after President Barack Obama said he will agree to a two-year extension for tax cuts.

The yield on the benchmark 10-year note climbed two basis points to 2.94 percent as of 8:44 a.m. in Tokyo, according to data compiled by Bloomberg.

To contact the editor responsible for this story: Nicholas Reynolds at

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