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U.S. Government Bond Yields Fall After Fed Policy Shift


U.S. government bond yields fell on Thursday after the Federal Reserve said it would drop its longstanding practice of pre-emptively lifting interest rates to stave off rising inflation.

The yield on the benchmark 10-year Treasury note fell to 0.658%, from around 0.677% before the release of the speech’s text and 0.686% at Wednesday’s close, according to Tradeweb data. Bond yields fall when prices rise.

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