U.S. 10-year yield hits seven-week low.

BlockBeats news, June 25, the U.S. 10-year Treasury yield fell below 4.40%, hitting a seven-week low, as earlier inflation data came in below expectations, easing market expectations of multiple rate hikes by the Federal Reserve. Lower oil prices also helped ease inflation concerns. However, strong consumer spending and resilient economic growth continue to support expectations of at least one Fed rate hike this year.
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