Treasuries Decline After China Rate Cut Reduces Haven Demand

Updated on
  • 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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