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TREASURY YIELDS EDGE LOWER AS TRADERS AWAIT KEY JOBS DATA
U.S. Treasury yields edged lower in early Friday trading as investors await key economic data due later in the day.
🔺The 10-year Treasury yield — the benchmark for U.S. government borrowing — dropped by more than 2 basis points, reaching 4.3682% by 5:30 a.m. E.T.
🔺Yields on the 2-year Treasury note — which move closely in line with short-term Federal Reserve interest rate decisions — also slipped 2 basis points to 3.8929%.
🔺The longer-dated 30-year Treasury yield, meanwhile, shed 1 basis point, falling to 4.9524%.
One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.
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