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US Treasury yields ease on Monday, with 10-year note falling 3 bps to 4.967%
US Treasury yields were lower on Monday, tracking a global easing of government borrowing costs amid falling oil prices. The benchmark 10-year Treasury note yield fell by around 3 basis points to 4.967%, after hitting a 19-year high of 5.041% last week. Investors are still digesting last week's quarter-percentage-point interest rate hike by the Federal Reserve.
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