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U.S. 10-Year Yields Fall From 2-Month High on Growth View

Treasuries snapped their longest losing streak in two months on speculation the economy may be slowing after reports showed manufacturing in the New York region shrank this month and producer prices dropped the most in three years in April.

The rally pulled yields on 10-year notes down from the highest in two months, and followed four straight days of declines in the price of the debt, which serves as a benchmark for everything from corporate borrowing costs to mortgages. The slump was the longest since it fell for six trading days ending March 11.