Treasuries Decline After China Rate Cut Reduces Haven DemandBy and
U.S. 10-year note yields climb to highest since Oct. 8
People's Bank of China cut rates by 0.25 percentage point
Treasuries fell, with 10-year note yields touching a two-week high, after China’s central bank lowered its benchmark lending rate and reserve requirements for banks in an effort to curb an economic decline.
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